"When virtue has slept," the philosopher Nietzsche
once quipped, "it will awake refreshed." His aphorism certainly applies
to the public relations industry's current infatuation with "corporate responsibility,"
which has arisen precisely in response to the worst orgy of corporate irresponsibility
in at least the past half century.
align="BOTTOM">In the 1990s, PR firms earned fat commissions spreading the "buzz"
that inflated the dot-com bubble--a glorified pyramid scheme that drained
the assets of everyday Americans for the benefit of Wall Street bankers,
and encouraged "creative" accounting practices that are only now coming
to light.