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	<title>Management Meditations &#187; Goldman Sachs</title>
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	<description>Navigating the Shores of Lean Management with Lawrence M. Miller</description>
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		<title>Goldman Sachs and the Need for Hangings in the Village Square</title>
		<link>http://www.lmmiller.com/blog/2010/06/13/corporate-culture/goldman-sachs-and-the-need-for-hangings-in-the-village-square/</link>
		<comments>http://www.lmmiller.com/blog/2010/06/13/corporate-culture/goldman-sachs-and-the-need-for-hangings-in-the-village-square/#comments</comments>
		<pubDate>Sun, 13 Jun 2010 20:54:21 +0000</pubDate>
		<dc:creator>Larry Miller</dc:creator>
				<category><![CDATA[Corporate Culture]]></category>
		<category><![CDATA[Corporate ethics]]></category>
		<category><![CDATA[Corporate Social Responsibility]]></category>
		<category><![CDATA[leadership]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Spiritual Capital]]></category>
		<category><![CDATA[Alan Greenspan]]></category>
		<category><![CDATA[Ayn Rand]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[morality]]></category>

		<guid isPermaLink="false">http://www.lmmiller.com/blog/?p=243</guid>
		<description><![CDATA[The child like and pseudo religious belief that the free market will, by itself, right all wrongs in time, a belief adhered to by Alan Greenspan and other groupies of Ayn Rand, is at the heart of our financial crisis and the crisis of capitalism. This Greek tragedy was played out at Enron, Lehman Brothers, and now Goldman Sachs and BP. The question is whether corporate executives are capable of adhering to principled behavior in the absence of punishment of significant severity to balance out the significance of potential rewards for unprincipled behavior.  <a href="http://www.lmmiller.com/blog/2010/06/13/corporate-culture/goldman-sachs-and-the-need-for-hangings-in-the-village-square/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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