Tuesday, February 17, 2009

CEOs and Rockstars

Neither should have any expectation of privacy, says a professor at Neeley TCU School of Business.

It's the collision of two values that are important to me: A person's right to privacy, and a company's need for full disclosure. I think that company information like CEO salaries and expense reports should be available to the public. I also think that a person has a right to privacy, and that they shouldn't be forced to release their medical records.

Should the SEC be able to force CEOs to disclose information about any potentially life-threatening illnesses that they have? Why stop there? What if the CEO has a wife or child who is in the terminal stage of some sort of disease, wouldn't that be distracting? Should we require them to disclose that information?

Even when you look at celebrities, who the paparazzi claim are entitled to "no expectations of privacy," their medical records are still protected--people who sell their medical records to tabloids can be prosecuted for breaking the law. Why should someone have their medical history placed on display for all to see just because they're running a company?

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Dad. Been Busy. Bob Lilly, Hall of Fame tackle for Dallas Cowboys, went to Texas Christian University

The header image is adapted from a photo taken by Bill McChesney and used under a creative commons license.
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