Reminds me of a piece that I read on Marc Andreessen's blog back in 2007. Now I see that it was written by Ben Horowitz. I'm almost embarrassed to admit it how

Reminds me of a piece that I read on Marc Andreessen's blog back in 2007. Now I see that it was written by Ben Horowitz. I'm almost embarrassed to admit it how long it took me to find this, like 10 minutes. Anyway, quoting: "Once WorldCom started committing accounting fraud to prop up their numbers, all of the other telecoms had to either (a) commit accounting fraud to keep pace with WorldCom's blistering growth rate, or (b) be viewed as losers with severe consequences. How severe were the consequences for not breaking the law? Well, like a baseball player who refuses to take steroids, CEO Mike Armstrong of AT&T did not keep pace with the cheaters. As a reward for his honesty and integrity, he was widely ridiculed in the press prior to being fired and AT&T, perhaps America's most valuable brand, was acquired for cheap. Now you see why Barry Bonds needed something to help him keep pace with Mark McGwire." http://web.archive.org/web/20090621225533/http://blog.pmarca.com/2007/06/ceo-crime-punis.html http://web.archive.org/web/20090621225533/http://blog.pmarca...