Tuesday 26 September 2017

Emmet Oliver: Technology key to beating scourge of cheating firms

Emmet Oliver

The world's richest man, Warren Buffett, caught it best when he said: "You never know who's swimming naked until the tide goes out''.

What he meant was that when recessions (or depressions) engulf apparently sound economies, all sorts of previously disguised behaviour is revealed for the first time to the outside world.

From pyramid schemes, to insider trading, to tax evasion, to overstated earnings, tough economic times tend to flush out the law breakers and shortcut takers in business.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Don't Miss