Tag Archives: corporate scandals

Round and Round We Go…

The news over the last couple of days seems to have been dominated by Lance Armstrong being charged with doping and losing his titles, as happened famously with Ben Johnson some time back. “Athletes will try almost anything to beat doping tests“: – this article describes how athletes are ahead of the game and anti-doping agencies play a never-ending catch-up game. (The biological passport, which profiles athletes over time is said to be a big step forward, but nevertheless, one wonders if that too can be outsmarted over time.)

There is a parallel here with the various banking crises and corporate scandals we have witnessed in recent years. These players were ahead of the regulators. So, there we go – a scandal or crisis happens, the next thing we know, the industries get burdened with more regulations (even for the many who commited no wrong and would be quite well in control without these regulations); down the road then, yet more creative ways are found by some to outwit the systems and round and round we go…

There is the good, bad and ugly in sports as there is in business. The bad and ugly must not be allowed to over-burden the systems and let’s hope the good prevails over time.