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Even better, they get to pay the fine with shareholder money. First, they defraud the shareholders by doing things they said they wouldn't with the shareholder
by tastygreenapple 7y ago
Even better, they get to pay the fine with shareholder money.
First, they defraud the shareholders by doing things they said they wouldn't with the shareholder's company.
Then when they get in trouble, they use the shareholders money to buy their 'get out of jail free card'.
I wish the government would find the officers personally liable.
- javajosh 7y agoCouldn't they? Didn't the Enron execs get jail time?
- terryschiavo22 7y agoSure, and now everyone knows to shred documents more thoroughly than Enron did. Although I agree. A company should be managed such that moral transgressions that happen in lower levels should not be possible. That's exactly the reasoning they applied to Joe Paterno and it should apply to every company as well.