The global financial turbulence have many causation. Globalization, excess liquidity, U.S. budget deficit, Subprimekredite and deregulation are few. Most importantly, however, was the greed of unrestrained profit maximization, which was carried slogans such as "Corporate Social Responsibility" hardly slowed down. The heroes of this development were stock market gurus and super-manager, whose income grew through the floor.
politicians have seen in this scenario, the chance to finance excessive social gifts. In the state and parastatal enterprises managers were appointed with mammoth salaries with the multiple of the political notch trains to take influence.
principle Confessions of national and international leaders and organizations to better control of international finance, with its opaque financial derivatives are carried out. Specifically, little seems to happen. Financial giants already partially report back on large profits.
is urgent, therefore, a new international financial control system demand, which should include particular focus as guidelines for moral behavior Manager (Verhaltenskondex). to think
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