I already stated earlier that ethics and culture are highly personal. Individual values and ethical norms are informed by individual life experiences, family and cultural background, the generation one belongs to, and many other things. But nonetheless, it is crucial for companies to find a common basis: a set of values accepted and lived by each individual employee and the company as a whole.
Our concerns at that time reflected questions about how the financial markets and the economy would respond to the shock of a decline of more than one-fifth in stock prices in one day, and whether monetary policy alone could stabilize the system.