Richard Edelman, the head of the world’s largest privately held PR firm, said that the Edelman Trust Barometer, an annual global survey of 31,000 people, revealed a lack of trust for business and government that was “contagious” and spreading to other sectors.
He was speaking earlier this week at the Computer History Museum on a panel organized by the Churchill Club, and moderated by Peter Burrows, senior reporter at Bloomberg.
He said that it’s the first time that such lack of trust has become viral and it stems from the financial sector.
Jeffrey Pfeffer, co-panelist and professor at Stanford University Graduate School of Business, said, “We are all being tarred with the same brush.”