Mighty fall

Corporate collapse
The Wall Street Journal is now urgent reading for preachers, since its daily stories give evidence that Augustine and Calvin were right. On page one, original sin daily turns into actual sin, so much so that the sins of the wealthy no longer shock us.

But these stories give us good reason to be shocked. The New York Times and other papers, for instance, recently listed some extravagant purchases by now-indicted Tyco executives. They were using our retirement funds to pay for, among other things, CEO L. Dennis Kozlowki’s and his fellow executives’ $2,200 wastebasket; $17,100 traveling toilet box; $15,000 umbrella stand; $6,300 sewing basket; $6,000 shower curtain; and a $2,900 set of coat hangers.

 

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