President Obama Urges MBAs In Businesses To Back Financial Reform
May 06, 2010
By the My MBA Career Content Team – Find Top MBA Degree Programs
Because of the 2008 financial collapse, many people blame Wall Street for the poor management that resulted in millions of Americans losing their jobs and many businesses to close. As the economy strives to get back on its feet, both the government and the American public are demanding Wall Street reform, which could bring a different mindset to MBAs.
President Barack Obama has been urging businesses to support his plans for financial reform, saying that the economic success of the country depends on "innovation and enterprise," according to the Voice of America.
Part of the reform includes never using taxpayer dollars again to rescue large financial firms that are on the brink of collapse. This amendment was proposed by Barbara Boxer of California. The proposed reform bill would also require investment firms to spin their derivatives divisions off into separate companies.
Once the plan is complete, the president will go over it for final approval.
If you're interested in learning more about the new business models, an MBA program could provide you with the ethical thinking needed to succeed in the corporate world.
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Related Article Topics: Business News
