Carnegie Council Event, April 9, 2009: Restoring Trust in the Global Financial System

Mar 13, 2009


March 13, 2009

Contact: Madeleine Lynn Carnegie Council for Ethics in International Affairs (212) 838-4120 ext. 222, email: [email protected]

Carnegie Council Event, April 9, 2009: Restoring Trust in the Global Financial System

New York, New York-The Federal Reserve announced this week that American families' wealth plunged nearly 18 percent in 2008, wiping out $11 trillion in net worth.

"If the economy is to rebound, confidence in the financial sector must be restored. Yet how can the various institutions of finance regain the public's trust? Could self-policing do the trick, or is a more fundamental solution, such as a realignment of the short- and long-term priorities of financial institutions, necessary to repair this dangerous breach of public confidence?" says Carnegie Council program director Devin Stewart. "A reordering of financial incentives is needed to create a fairer society that fosters trust." The Carnegie Council announces a luncheon panel on April 9, 2009, which will explore these issues. This event is open to the public.

The panelists are: *Neal Flieger, Chairman, Global Public Affairs, Edelman *Stephen Jordan, Senior Vice President and Executive Director, Business Civic Leadership Center *Seamus McMahon, Partner, Booz & Company, Strategy + Business Magazine *Christian Menegatti, Managing Editor & Lead Analyst, * Tom Donaldson, Mark O. Winkelman Professor, Wharton School, University of Pennsylvania (Moderator) For details on attending this New York City event, please go to: If you cannot attend in person, please go to the week after, for a video, audio, and transcript. You can also listen to it as an audio podcast. This event is coordinated with the U.S. Chamber of Commerce's Business Civic Leadership Center as part of the Carnegie Council's Workshops for Ethics in Business, sponsored by Booz & Company's Strategy+Business magazine. Support also comes from Merck and New York University's Center for Global Affairs. Workshops for Ethics in Business: Launched in 2007, this popular and timely program provides a unique opportunity for top corporations and NGOs to share ideas for addressing ethical issues related to globalization and business. For information on sponsorship opportunities, please contact Program Director Devin Stewart at [email protected] The Carnegie Council for Ethics in International Affairs (, established in 1914 by Andrew Carnegie, is an independent, nonpartisan, nonprofit organization dedicated to increasing understanding of the relationship between ethics and international affairs. The Carnegie Council convenes agenda-setting forums and creates educational opportunities and information resources for a worldwide audience of teachers and students, journalists, international affairs professionals, and concerned citizens.

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