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Jack Welch: Enron scandal not indicative of widespread U.S. ethics problems

Published on .

Chicago--The scandal surrounding Enron Corp. and Arthur Andersen is not indicative of widespread ethical problems in U.S. business, former General Electric Co. Chairman-CEO Jack Welch said Tuesday. "This is not a pervasive character flaw of American business," Welch said at the Fortune Leadership Forum. "It's not fundamental to the way great American or great global companies work. I think corporate America has taken a hit." Welch said that in trying economic times it's crucial that companies continue to educate employees. "The challenge in an organization is to get the collective intellect raised every day," he said. " … You have to get in the skin of every employee and make them believe they're part of the solution to this game."
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