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Word Count: 487
A judicious reading of the Wall Street Journal leads me to believe that a practice associated with successful business is honesty As the saying goes Honesty is the best policy the same phrase can be applied in a business setting Personal experience has many times over shown me that while honesty doesnt generally get you pats on the back it will certainly help you to avoid slaps in the face And slaps in the face in business come at the expense of dead presidents - the goal of every successful business to have many of Xerox learned this the hard way On October 4th the company was forced to pay a lump sum in excess of 284 million to employees who had been given false information as to the true amount available from their pension The judge found that Xerox was dishonest in their actions and ordered the payment If Xerox was instead honest about their dealings with their employees and paid the appropriate sum the damages Xerox is paying now - both monetarily and press criticism - will hinder their chances to make more money honestly Sadly as a result of such actions like Xerox as well as other businesses that perform in a dishonest fashion the government has had to create legislation that would prevent companies from trying such actions again One such type of legislation is a revised version of the whistle-blower law which was updated on the 3rd of October 2002 In the past if an employee became a whistle-blower all rights such as pension severance etc would be waived It made reporting such actions a difficult act However the revised law easily passed by Congress would allow an employee to retain their earned rights as well as doing the right thing In fact the National Association of Securities Dealers adopted new rules to make it harder for stockbrokers to be dishonest about prior disciplinary incidents on their
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