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It seems right to you that investors in a company caught running a $1.4 billion scam should receive a billion dollars - while the whistleblower loses his career
by mandmandam 5y ago
It seems right to you that investors in a company caught running a $1.4 billion scam should receive a billion dollars - while the whistleblower loses his career and gets nothing?
... Really?
Like, do you know how big a billion :is:?
- deleted 5y ago[deleted]
- cobookman 5y agoThe investors ONLY saw a 28.5% loss (1B/1.4B). In the scheme of things it could have been way worse if the whistleblower didn't speak up. If they gave say 1% of the assets to the whistleblower (10 Million), it wouldn't have really changed the investor payout all that much. BUT it would encourage future whistleblowers. Especially when the whistleblower speaking up earlier prevent further losses to impacted investors.
- londons_explore 5y agoI wonder what the expected change in the loss to investors is compared to the delay in a whistleblower coming forward. I suspect a lot of companies which have illegally covered up losses have later managed to recoup losses to make investors whole again, and have never been discovered. In these cases, investors end up better off without a whistleblower.