Bosses concerned about Facebook, Twitter - The Business Journal of Milwaukee:

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But 53 percent of employees say conteng posted on their Facebook and Twitter accounts are nota boss’sz concern. That belief is even more prevalent amongbyounger workers. Sixty-three percent of workers ages 18 to 34 say employerse have no business looking at their online But mostemployees (74 percent) recognize that using online sociall networks make it easier to tarnisuh a company’s reputation.
“With the explosive growth of onlinessocial networks, such as Facebook and rapidly blurring the lines between professionalo and private lives, thesde virtual communities have increased the potential of reputationak risk for many organizations and their said Sharon Allen, chairman of the Deloitte LLP. “It is important for executivees to be mindful of the implications of this connecte d world and to elevate the discussion aboutt the risks associated with it to the highest leveldof leadership.” Just 17 percen of executives have formal ways to monitofr the possible risks relatexd to social network use.
But nearly half (49 of employees say such strict guidelines woulde not change their behavior online. More than 2,000 employed adults -- half men and half women -- were interviewed for the as well as 500business executives.