It's all a matter of perspective.

Wednesday, July 24, 2002

Mark Steyn on the corporate scandals


"Enron was comparatively easy: It was an energy company, from Texas, whose rise had coincided (more or less) with Bush's governorship. Connect the dots, implied the Dems, and what you have here is the worst example of the Texas wildcattin' business culture from which this oil stooge President emerged. But they couldn't make it stick. And the terrain's far less favourable in the current crop of scandals. For one thing, it's not a shady energy company, but a diverse portfolio: telecommunications, biotech, pharmaceuticals, and even Christmas spice balls and cockscomb topiary, for among the fallen corporate idols is America's happy homemaker Martha Stewart, supposedly under investigation for insider dealing -- or, as Martha would put it, 'Here's a stock deal I made earlier.'"

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