How come there aren't more whistleblowers? It's a vexing question for anyone who'd like to see corporate crime reduced. Just this week, CNN noted that half of all misconduct at financial companies never gets reported, according to a study conducted by the Corporate Executive Board, a Virginia consulting firm.
But another recent story, this one in The New York Times, provides a painful illustration of why potential whistleblowers may not be that interested in speaking up. Not every whistleblower has an experience like Lynn Szymoniak, the mortgage-fraud tipster who got an $18 million settlement for her troubles. Often things can go a lot worse -- like they have for Jack Palmer.