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For another example, look at how college bribery schemes are illegal. They're not illegal because they're unfair or immoral, they're illegal because the admini
by lowkey_ 5y ago
For another example, look at how college bribery schemes are illegal.
They're not illegal because they're unfair or immoral, they're illegal because the administrator is selling the spot that the college owns; it's not his/her spot to sell.
If the company wanted to be used by Netflix in exchange for equity, then they could make a deal with Netflix itself. This executive was essentially selling the rights to contracts (akin to spots) that he didn't have the right to sell.
- 0x0nyandesu 5y agoYou mean like forcing kids to buy brand new books so that they can get a code to use to take tests on an online platform that the professor gets kickbacks from that has nothing to do with the university the kid is attending?
- lowkey_ 5y agoWhat's the spot/contract/etc in that case, that the professor is selling but doesn't have the right to sell on behalf of the university for his own enrichment? I don't see an example of how the university is losing revenue and being defrauded in that scenario.
- 0x0nyandesu 5y agoThe student is being defrauded. They signed up for something that was supposed to cost x but instead it costs y. Their degree being in jeopardy makes it blackmail from my perspective. It's telling that you were more willing to make sure the university wasn't being defrauded but I guess the student can kick rocks right?
- lowkey_ 5y agoNo, what I was trying to initially explain is that it is Netflix being defrauded. You pointed out that the company may only have equity to give, and I said that they weren't giving the equity to Netflix. They were giving it to an executive at Netflix in exchange for a contract, and it wasn't the executive's right to give that contract spot away for his own enrichment, because it's not his spot to give. Similarly, in the case of college admissions scandals, it is the college being defrauded. Now here, to make a parallel as you were intending, we'd have to see how the university is being defrauded.
- Sohcahtoa82 5y agoThe University is not being defrauded, but the professor is still taking advantage of their position to make a personal profit. Leaving aside the legal issues (I'm not a law expert, so I don't know if it is illegal), don't you think it is incredibly immoral for a professor to require a specific book for their class on the basis that the publisher is going to hand a check to the professor?
- BeFlatXIII 5y agoI thought the college bribery schemes were mostly illegal because the lowered the price for a guaranteed admission slot too much and, more importantly, cut the university out of the loop by paying the admissions personnel directly.