Corporate leaders are remarkably shameless in glossing over their misdeeds, writes John Bussey. Top bosses breeze through controversies that would mean summary dismissal for lesser managers. For example, the Olympus board fired a whistle-blower who revealed major accounting irregularities, and Chesapeake Energy CEO Aubrey McClendon sold his company a set of decorative maps for $12 million. "Sometimes 'How dare you!' just feels like the right question to ask," Bussey writes.

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