Paul LaFontaine left Bertelsmann Music Group in March 1997 to advise other businesspeople about radical honesty. He has lots of work to do. "There are as many lies in business as there are people in business," he says. Here are his nominees for the five most common lies:
Lie: "People are our most important asset."
Truth: "People are our most worrisome and unpredictable asset. Our most important assets are really our financial assets."
B.S. Detector: This may be the leading lie of our times. "When management starts talking about how important people are," LaFontaine says, "you can bet there is going to be an unpopular human resources decision coming soon."

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