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Cruz disappoints,
business morals
These are my comments about the
September 20 columns of Mr. Dan Mariano and Mr. Rene Bas:
For Mr. Dan Mariano:
When he was Defense secretary, I
thought Mr. Avelino Cruz Jr. would become a new Ramon Magsaysay who
emerged from the DND of the allegedly corrupt Quirino administration
to become a great president.
Mr. Cruz would have been, in my
mind, better positioned to win than Magsaysay because the regime he
would be bringing down in a proper election in 2010 is not allegedly
but truly corrupt indeed. In addition, it is illegitimate (having
cheated in the 2004 election), incompetent, devoted to nothing but
President Arroyo’s aggrandizement and shamelessly deaf to
criticisms from international bodies as well as Filipino civil
society, former cabinet members, bishops and serious media analysts.
Now I learn from you that Mr.
Cruz is a member of The Firm, which is supposed to be bad. Therefore
he is disqualified from being a noble and patriotic politician?
What a cruel joke on the Filipino
people!
For Mr. Rene Bas:
About Mr. Bas’ description of
the loss of basic ethics in American big business and finance, I
agree completely that, as both Carmen Reinhart and Kenneth Rogoff
have said in many of their books and writings: moral values and
rigorous professionalism must pervade business and finance.
Fair and strict regulatory
oversight must not be set aside.
The champions of lawbreaking and
morally unfettered corporations and banks have once again proved not
Marx but George Gilder, Milton Friedman, Michael Novak and Fr.
Richard John Neuhaus right.
Yes, let your corporation, bank
and whatever make as much money as possible for the stockholders
(not to unethically ensure your own golden bonuses and parachute),
but never violate the laws, codes and basic ethical values.
Edgar G. Festin
egfestin@gmail.com
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