Self dealing is very much breaking the rules. Sure, maybe the powers that be let it slide, but it is not playing fair. Edit: in fact, when the musical chairs s

Self dealing is very much breaking the rules. Sure, maybe the powers that be let it slide, but it is not playing fair. Edit: in fact, when the musical chairs stopped and the IPO failed, there were lawsuits about the self dealing. So long as people were making money the board were willing to look the other way.