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This is how it always goes down. - F*ck your customers over by gross negligence and sheer greed (or stupidity, or both) - Get caught with your pants down - D
by justboxing 9y ago
This is how it always goes down.
- F*ck your customers over by gross negligence and sheer greed (or stupidity, or both)
- Get caught with your pants down
- Dump your stocks and cash out
- Apologize when customers and media express outrage
- Go to Congressional hearing and repeat the magic words "I do not recall" for every question
- Find 1 low-level scapegoat employee
- Fire that employee and declare that the company is now 'clean'
- Avoid any jail time for wrong doing by paying a fine
- Collect your 'Golden Parachute' = MILLIONS and slide into a new CEO Job.
- Rinse and repeat.
White collar crime pays. Big time.
And almost no-one ever goes to Jail -- unless they have the bad-fortune of being prosecuted by A.G. Preet Bharara (record of 79-0 conviction obtained), which is also not relevant since Trump fired him soon after taking the White House Office.
Related: Here's Preet Bharara's Amazing 79-0 Insider Trading Conviction Score Card - http://www.businessinsider.com/bharara-insider-trading-convictions-2014-2 http://www.businessinsider.com/bharara-insider-trading-convi...
- BatFastard 9y agoYou missed "Sell your stock"
- vermontdevil 9y ago- collect $90 million and skip the jail part.
- justboxing 9y agolol. Yes. I added your point.
- Deinos 9y agoAnd, if it is bad enough that a CEO has to be let go... they pop that fancy, golden parachute on the way down...
- eagerpace12 9y agoAs of 2016 you can now add to the list "suspected state actors." How could any private company be responsible for being able to stop this?