The worst lies of all

Detroit Free Press
by Mitch Albom

01/25/09

But, folks, as long as we accept lies as part of doing business, we are going to get lying businesses. We need to get indignant. We need to change laws. We will jail a common thief for robbing a liquor store far longer than we’ll jail a CEO for robbing thousands of investors. Why? Why shouldn’t white-collar crime be as serious as drug trafficking or manslaughter? Don’t both crimes ruin lives, destroy families, even lead to deaths? How often have we read in recent weeks about suicides by people who were overwhelmed by business trauma? Don’t kid yourself that a white collar can’t run blood red...

//www.freep.com/article/20090125/COL01/901250364



Consequences are for little people

Unqualified Offerings
by Thoreau

01/25/09

If the CEO of a floundering company can continue to decorate his office while things are going to hell, and eventually collect a golden parachute while somebody else picks up the pieces, where, exactly, is his incentive to not ... up? I mean, the whole argument for capitalism is that the profit motive is supposed to get people to solve problems and make stuff work. Conversely, the whole argument against communism was that with no profit motive nobody will do anything productive. I dare say that a person guaranteed a golden parachute and freed from all consequences of failure is NOT facing any incentive to perform...

//www.highclearing.com/index.php/archives/2009/01/25/9103


Informant: Thomas L. Knapp



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