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Firing Line: Corzine's Lack of Honor

It doesn't matter, Skipper: You alone are responsible for this ship and the training of her crew. You failed in your mission. You stand relieved.

Responsibility should never be "pushed downhill." Nothing is more debilitating for an organization. If the Navy had chosen to make a scapegoat of the young sailor who was at the helm of the Hobson that fatal night, it would have crushed centuries of tradition at sea.

Firing Line: No military or business can achieve its missions without the highest degree of trust and accountability. There was ultimately one man responsible for the Hobson tragedy.

Let's see if this time around Wall Street and the government get it right and make the MF Global tragedy serve as notice to all financial heavies that they are the ones in charge, for better or worse.

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.
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