Harrisburg Patriot-News
Scandal Brings Shame To A Giving Family

By Tom Dochat

J. Edward Ketz, an associate professor of accounting at the Smeal College of Business at Penn State University, said that by itself, "I'm not sure [the Rite Aid case] has any significance greater than the others." But he said that combined with Enron, WorldCom, Global Crossing and all the other instances of alleged corporate misdoings, Rite Aid takes on a greater role.

"I think there's a certain cynicism that has hit people," said Ketz, whose book, "Hidden Financial Risk," is being published this month. "To restore credibility, they want to see enforcement of the rules and the bad people getting punished."

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REPORTERS & EDITORS: For more information, please contact Wyatt DuBois in the Smeal College of Business Media Relations Office at 814-863-3798 or wed112@psu.edu .

Penn State's Smeal College of Business offers highly ranked undergraduate, MBA, executive MBA, Ph.D., and executive education opportunities to more than 5,500 students at all levels. Featuring academic departments of accounting, finance, marketing, insurance and real estate, management, and supply chain and information systems, the college is also home to major research centers such as the Center for Supply Chain Research, the Institute for the Study of Business Markets, the eBusiness Research Center, the Farrell Center for Corporate Innovation and Entrepreneurship, the Center for Global Business Studies, and the Center for the Management of Technological and Organizational Change.

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