Why Companies And CEOs Rarely Admit To Wrongdoing

JPMorgan Chase revealed last year that some traders in London concealed losing $6 billion. The company has agreed to pay $900 million in fines, but federal regulators also forced the bank to admit to wrongdoing. One analyst says admitting mistakes tarnishes your reputation.

Source: http://www.npr.org/2013/09/20/224296660/why-companies-and-ceos-rarely-admit-to-wrongdoing?ft=1&f=1006

Home Repair Home Theater Horse riding Hot air ballooning Hula Hooping