NYSE Chairman Richard Grasso, speaking on NBC News Meet the Press, July 21, 2002
Tim, we’ve got to wage a war against terrorism in the boardroom, against misleading investors, those small numbers of companies. Those bad managements who have failed have got to be rooted out of the system.I commend Grasso for speaking out strongly against corporate malfeasance. But lets call it what it is, shall we: theft, fraud or whatever, which is certainly bad enough. Let's use the word "terrorism" only when we're talking about acts of terrorism. Posted by Stefan Sharkansky at July 22, 2002 09:29 PM
Amen! The word is beginning to lose its impact and power, and that is a real problem. The constant referrals to the Israelis (and to a lesser extent) the U.S. military actions as "terrorism" by the PA and their mouthpieces in the media and Europe have muddied waters that should be crystal clear. Reuters did not help.
To show how far the word has fallen, a guy who mailed...uh..."feces" to a couple of government offices has been charged with "making terroristic threats."
I fear that it's only a matter of time until we hear about "terrorism" in the grocery store wherein people with 12 items sneak into the 10-item express lane.
Posted by: Stefan Sharkansky on July 23, 2002 01:30 PM