A fool’s paradise for CEOs

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"But the Scott McNealys of the world, considered generically, have for at least a decade thrived as heads of a fool’s paradise, installing regimes of benign neglect in which ignorance and self-delusion regarding the quality of their products has often gone hand in hand with the inflation of earnings via accounting chicanery. At the moment getting a handle on both sorts of corporate self-deception is not only "in the shareholders’ interest"; it’s arguably also the most important function a CEO can perform for the stockholders."

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