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It's not just the bankers

By NickNielsen ·
Sentence was passed today on the former general counsel and secretary of Monster Worldwide. He had pleaded guilty to securities fraud and conspiracy to commit securities fraud, admitting that he illegally backdated millions of dollars in employee stock option grants. He participated in a scheme to backdate stock options from 1996 (when Monster went public) through 2003.

http://www.thestate.com/2010/03/02/1183050/internet-job-site-execs-cooperation.html

The story points out: At least 135 U.S. companies have disclosed internal inquiries or government investigations, and at least 39 executives and board directors at 19 companies have been fired or have resigned.

Given the extent of the problem, can somebody please provide a logical explanation of how reducing regulation that would prevent this type of abuse is a good thing?

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Your own moral crisis

by santeewelding In reply to However, there is a moral ...

I note your use of indiscriminate second person in relation to "a few joints".

You testify, therefore, about others. Would your meaning have been any less if you had used first person?

Or, would that have placed you too uncomfortably close to moral crisis?

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I used second person

by jck In reply to Your own moral crisis

Because I have never carried an illegal narcotic, hence I have not been uncomfortably close.

I have, however, seen the effects of the law on people I have known in the past who were "in possession" knowingly and unknowingly (in the state I grew up in, if your friend had it on them in your car you were legally "transporting" and "an accessory to possession"...whether you knew they had it or not).

So yes, I used second person because I do not have experience in having gone through it myself.

However, I have known people who did, talked with them, and seen it happen.

So, it was not indiscriminate. It was directly applicable to personal experiences in observing what happened to others.

There's a reason I approached it that way, unlike your assumptions about my statement.

So, I note your uninformed and assuming diatribe of my statement, and respond with a hearty guffaw. :)

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Personally....

by NotSoChiGuy In reply to However, there is a moral ...

...I think these executives and firms have done much more damage to the citizens of this country than anything a whackadoodle terrorist could have hoped to accomplish.

Of course, I also think street gangs have caused more damage to the country than has Al-Qaeda and are de facto domestic terrorist cells; so take my opinion with a grain of salt (if not the whole bottle)!

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Oh, I agree

by jck In reply to Personally....

People like Jim Bakker and Robert Tilton and Benny Hinn have taken advantage of more elderly people and taking $100Ms in "love offerings" and bought themselves palatial estates, $20k watches, $10k suits, and $200k cars.

They are just as guilty as the banks, but they get a pass from some because they hide behind a religious tapestry.

Taking advantage of the ignorant is no good, whether you are dealing in finance or "the Lord's work".

This country needs to set things right, and letting each money-grubbing person, industry, or sector determine their own morality and decency isn't going to get things together.

The state of our nation is proof of that now.

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Salt.

by boxfiddler Moderator In reply to Personally....

Preservative.

I love that turn of phrase. 'Take it with a grain of preservative.'

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I thought...

by jck In reply to Salt.

Salt (sodium chloride version) was a flavor enhancer.

Maybe we should say instead:

"Take it with a grain of natron"? :^0

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Salt

by NotSoChiGuy In reply to Salt.

De-icer.

Maybe we need to inject some into the icy cold hearts of some of these executive b@stiges???

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I say we shove it up their...

by jck In reply to Salt

... well, you know what I was going to say :^0

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JCK, that's reserved for the pineapples!!!

by NotSoChiGuy In reply to Salt

Reference to the movie 'Little Nicky'.

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lol

by jck In reply to Salt

Maybe Hitler will have some words of advice on how to handle it. :^0

Ah...God. I need to go home and never come back to work.

I am fixing issues with this code that have been in it for 3-4 years (2-3 years before my arrival here), and no one ever complained before and got them resolved.

Plus the fact that my phone makes noise and people speak up about it, but loudmouth co-workers stand out in the common area making noise for 20-30 minutes talking about American Idol or Marie Osmond's son or something non-work related and it gets no notice.

I need a work-from-home job where I can make 6 figures and work my own hours.

Guess I should be a pimp. :^0

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