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Private organization stakeholders aren't usually dealing with their own money either, with similar results depending on the org. You know how much multi-millio
by jbooth 14y ago
Private organization stakeholders aren't usually dealing with their own money either, with similar results depending on the org. You know how much multi-million dollar business gets done over a few grand worth of Yankees tickets?
This was a case of garden variety corruption, where the gov wasn't even getting kickbacks, he just liked the Red Sox, Schilling's a hero in New England, and he saw him as a fellow traveler conservative. If Schilling was going to George Clooney's fundraisers, this deal doesn't happen.
- debacle 14y agoPrivate investment management is usually performance based.
- jbooth 14y agoIf you're going to restrict it to specifically the investment business, then yeah, typically. But pretty much anyone who purchases for a living is awash in kickbacks, the kind of stuff you'd be fired from a government for. FWIW I agree that the government shouldn't be in the investment game except for strategic investments by the federal government (ball bearings, green tech, DARPA, stuff like that). Certainly not video game companies. There is still a role for development agencies, doing stuff like helping streamline paperwork, advocating for sewer hookups, stuff like that. They shouldn't be investors.