Shownotes
Jim Thompson's column emphasizes the importance of ethical business practices,
particularly regarding financial record-keeping. He warns against manipulating
financial data, citing several notorious examples of corporate fraud. Thompson
stresses the necessity of accurate, daily inventory counts, even with
computerized systems, to prevent fraudulent behavior. He advocates for honest
business dealings, including prompt payment to suppliers and adherence to fair
contract terms, ultimately arguing that integrity is crucial for long-term
business success.