3 ms·
Be thankful we can’t look up the worst thing you’ve done in your life on wikipedia as well. The guy paid his debt to society, let him try to do something posit
by pembrook 6y ago
Be thankful we can’t look up the worst thing you’ve done in your life on wikipedia as well.
The guy paid his debt to society, let him try to do something positive with his life now.
That attitude is part of the reason why the US has the worst rates of recidivism in the developed world (something like 75% I believe, whereas in northern Europe where they believe in second chances for criminals, it is closer to 25%).
- toomuchtodo 6y agoHe can be permitted to do something positive with his life while being prohibited from touching investor dollars or holding a position as an officer of a company public or private.
- pembrook 6y agoSo if I go to jail for robbing a grocery store, I should never be allowed in grocery stores again? Why let him out of jail at all if you believe he can’t be trusted?
- karpierz 6y agoIf you robbed a grocery store with a gun, you probably shouldn't be trusted with a gun again.
- Larrikin 6y agoGrocery stores are an essential service so obviously you can't be banned from all of them. I bet the specific one you robbed bans you for life though.
- CamperBob2 6y agoIt depends. Why did you rob the grocery store? You were hungry? Your family was hungry? Your city water supply was toxic enough to impair your mental development? You fell under some bad influences at an impressionable age? Now, what are some possible motivations for Jeffrey Skilling's actions at Enron? Let's list a few, you go first.
- chris_va 6y agoTo play devil's advocate... It's a free country, and these people are accredited investors who can make their own choices. This individual already paid the penalty demanded by our society for their actions. It sounds like you are suggesting a lifetime ban would have been a more appropriate penalty, but that would be more of a comment on our justice system. Is it really the job of our justice system to be a nanny state for everyone's past wrongdoings? (maybe yes, but it's a very slippery slope)
- random314 6y agoThe investors may be responsible for other people's money. There is a principal agent problem here.
- toomuchtodo 6y agoExactly this. Is there going to be recourse when pension or retirement funds are lost? Nope!
- jjeaff 6y agoIf he ended up scamming people again, I wonder if this would be a case of such flagrant disregard for one's fiduciary duty as a fund custodian that investors could actually sue them for breach.
- toomuchtodo 6y agoWe should not put investor dollars at risk to find out.
- supjeff 6y ago> The guy paid his debt to society, let him try to do something positive with his life now. Yes, the guy who committed some of the most flagrant financial crimes in history as the CEO of an energy exchange deserves a second chance at running an energy exchange the moment he is released from prison.
- tyingq 6y ago"The guy paid his debt to society" I imagine former front line Enron employees who lost big portions of their retirement funds might disagree.
- A4ET8a8uTh0 6y agoI am inclined to agree with the argument in principle. But were I convicted, I would not be able to find another job in financial services. Trust is gone, no company would want to touch me with a ten foot pole. I guess investing is truly a different world.