3 ms·
On the flip-side, how is it that publicly elected officials are not indicted or held responsible for creating these loopholes after being lobbied and end up cos
by wildmXranat 14y ago
On the flip-side, how is it that publicly elected officials are not indicted or held responsible for creating these loopholes after being lobbied and end up costing their shareholders - the public, some real coin. I think of the whole thing as a closed loop ecosystem and somebody has to be losing, if a group of shareholders is gaining.
- 001sky 14y agoThis is actually a valid question. Surprisingly, in business you can argue your incompetence shields you. The "business judgement rule"[1] says basically you are allowed to make "mistakes". But you're not allowed to be "negligent", act bad faith or whatever. [1] In the USA, viz: http://en.wikipedia.org/wiki/Business_judgment_rule http://en.wikipedia.org/wiki/Business_judgment_rule