5 ms·
>Is that legal? Could Carl Ichan be civilly or criminally liable? Potentially go to jail? Ichan is one the world's most famous financiers, rest assured he's go
by itsoktocry 6y ago
>Is that legal? Could Carl Ichan be civilly or criminally liable? Potentially go to jail?
Ichan is one the world's most famous financiers, rest assured he's got an army high paid lawyers poring over the fine print of these transactions. It's legal, but not ethical, or "right".
- tchaffee 6y agoThose armies of high paid lawyers are not always right. Plenty of companies get it wrong and then pay the price in court.
- baq 6y agoi guess the point isn't that they are right or wrong, it's what it takes to even decide that. high paid lawyers will need more high paid lawyers against them with zero guarantee of success.
- jmchuster 6y agoIf the "downside" is paying fees in court, then it's a simple calculus for when it's worth it to follow the law and when not to. You're just doing business exchanges now with the legal system.
- elliekelly 6y agoUnless a matter is blatantly criminal the advice from the army of lawyers is usually just one of many factors taken into account when assessing the risk/reward. It's rare for management to ignore the advice of counsel completely but it's definitely not unusual for executives to have a higher risk tolerance than the attorneys.