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I figured there would be fact checking: "what about this person?". Yes, I know there were some repercussions e.g. Schmidt for Volkswagen, and some really small
by solaxun 9y ago
I figured there would be fact checking: "what about this person?". Yes, I know there were some repercussions e.g. Schmidt for Volkswagen, and some really small players in the financial crisis, but overall most of the top guys walk away clean. There is always a scapegoat.
Orders come from the top down - you make an example by cutting off the head, not the limbs (forgive the violent euphemism, but you get the spirit)
- openasocket 9y agoI completely agree about the financial crisis. But for Volkswagen, remember that pretty much all the top executive are German citizens, living in Germany, a country that is running their own separate investigation of Volkswagen. The US can't grab them, and Germany isn't going to extradite. The only reason we got Schmidt (who was their head of environmental and engineering issues in the US, not exactly a small fish) was because he was dumb enough to visit the US on vacation. I'm just saying, you can't really blame the US for the lack of prosecution.
- solaxun 9y agoFair point... I think I just wanted to give a few examples that quickly came to mind. Maybe Volkswagen wasn't the best one.