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You could argue the people responsible for the decisions that resulted in the company going bankrupt aren’t the good people.
by adrr 6y ago
You could argue the people responsible for the decisions that resulted in the company going bankrupt aren’t the good people.
- ipnon 6y agoIt's legal to be a bad person in the United States. The government is purposely mute on the matter of the morals of its citizens. As a democracy, the principle that allows us to prevent this behavior, if we deem it unacceptable, is to codify it in law, and make the specific behavior illegal.
- Apocryphon 6y agoThey could mean good/bad in terms of business acumen and competence, not morality.
- WrtCdEvrydy 6y agoThey are... if you want someone to take the flak for extracting maximum stockholder value as the company fails, you call these guys in... they make a couple of million and go to the next company to fuck that one up.
- hangonhn 6y ago“It is possible to commit no mistakes and still lose. That is not a weakness; that is life.” - Jean Luc Picard I'm not saying everyone of those people in charge are in the same boat but maybe we shouldn't be too hasty in judging them without knowing the specifics.
- adrr 6y agoMost of these companies made fatal mistakes. Hertz bought compact cars as the market shifted towards SUVs. Neiman Marcus failed to build a robust e-commerce offering unlike their competitor Nordstroms. Jc penny probably wasn’t the fault of exec team as the market shifted away from malls.
- nickff 6y agoAre you arguing that? If not, why are you posting that specific hypothetical argument? I ask because I find "[y]ou could argue" to be a form of 'weasel-wording'.