4 ms·
This is exactly how they "make" a company do something. Look at what happened to the Qwest (IIRC?) CEO to see what happens if you refuse these contracts.
by nitrogen 5y ago
This is exactly how they "make" a company do something. Look at what happened to the Qwest (IIRC?) CEO to see what happens if you refuse these contracts.
- Supermancho 5y agohttps://www.eff.org/deeplinks/2007/10/qwest-ceo-nsa-punished-qwest-refusing-participate-illegal-surveillance-pre-9-11 https://www.eff.org/deeplinks/2007/10/qwest-ceo-nsa-punished... If a company refuses, they are making a decision (more of a gamble). Corporations will almost universally sacrifice customer safety for profit. Especially when they are making a decision between "for sure losing opportunity money" and "maybe losing money after a court case". That does not mean they aren't liable when things go bad.
- PhantomGremlin 5y agoI hate this meme. It's false. Nacchio simply tried to use it as an excuse. He was just throwing shit against the wall and hoping that some of it stuck. Here's his claim: he was not in a rightful state of mind when he sold his shares because of problems with his son, and the imminent announcement of a number of government contracts. Yeah sure, I know exactly what he means. Whenever I'm not in a "rightful state of mind" the way I cope with it is to dump company stock that I'm restricted from selling. /s Nacchio was nothing but a greedy scumbag, and he went to Federal prison because of it. https://en.wikipedia.org/wiki/Joseph_Nacchio https://en.wikipedia.org/wiki/Joseph_Nacchio
- Scoundreller 5y agoNobody is denying he insider traded, but was the insider trading (or other unlawful activities) of others that did comply go ignored/suppressed or otherwise swept under the rug?