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Article #1219

Re: Call Me A Liberal

#1219
From: Rod & BJ
Date: Tue, 30 Jul 2002 22:47
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"trebor@sirius.com.no.more" <user@example.com> wrote in message
news:sildkuslmpmodtrto2gsirf5j0omls9m4g@news.supernews.com...
> "Rod & BJ" <soggy@pacifier.com> wrote:
>
> >"trebor@sirius.com.no.more"
> >> True enough. However, too often people within corporations do things
> >> which are wrong, and for which they suffer no consequence. Corporation
> >> officers are too shielded from liability.
> >
> >Which people...doing what?
>
> I suppose the names Bernard Ebbers and Kenneth Lay stand out, but they
> are by no means lone operators; their boards of directors and their
> executives enabled and participated in fraud and embezzlement at an
> unprecedented scale.

What makes you think that conviction and punishment should happen before a
investigation or trial? These stories and investigations are far from over
in fact they are still unfolding.

Although the rise and fall of Enron is more related to a extremely naive
Wallstreet than illegal acts per se...their method of determining sales was
legal albeit extremely misleading. The investment guru's really demonstrated
a sorry lack of wisdom or oversight. Even if every transaction ends up legal
(they won't) the company would have eventually imploded.

> How many years do you think Ebbers and Lay are going to spend in jail?
> How many years do you think you or I would spend in jail if we stole
> even a tenth of a percent of what they did?

Depends on what they are guilty of? At this point do you know what specific
crime they committed?  Soggy
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From: "Rod & BJ" <soggy@pacifier.com>
Newsgroups: pdx.general,seattle.general,ba.general,la.general
Subject: Re: Call Me A Liberal
Date: Tue, 30 Jul 2002 15:47:41 -0700
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