Money or Morals?

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We're edging closer and closer to a tabloid culture for corporate executives, where every flaw and foible gets dragged mercilessly before the public until they are hounded from office. This was probably inevitable, as we're already using this system to replace democracy for selecting our leaders and to replace talent to select our music and film celebrities. Last night DealBreaker's John Carney went On The Money to debate whether the private lives of CEO's should be matters of public concern, and he wound up defending the pretty much indefensible answer: 'yes.' His reasoning--so to speak--is that on occasion we can learn about the character and judgment of a corporate executive from what we know about their private lives. Although something might not affect their job performance immediately, neither do minor issues like small-time embezzling. But we throw embezzlers overboard nonetheless. So sometimes we know that character matters. Unrelated: John Carney is the editor of Dealbreaker.com, an online business tabloid and Wall Street gossip site that covers the personalities and culture that shape the financial industry, offering original commentary, news and entertainment.

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