 
Boogeyman
Drive it like you stole it
Premium
join:2002-12-17
Huntsville, AL | Hmmmm Makes me wish I had went to business school and became an executive. Could have made millions.
Kind of makes you wonder what they are teaching at business school these days doesnt it?
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ArchAngel21x
MacFan Pro
Premium
join:2001-10-28
Lincoln, NE
 ·Internet Nebraska
| Re: Hmmmm said by Boogeyman  :
Makes me wish I had went to business school and became an executive. Could have made millions.
Kind of makes you wonder what they are teaching at business school these days doesnt it?
No, it makes me wonder what ever happened to doing honest business.
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| | | | | | hackysak
Premium
join:2002-03-23
Summit, NJ
 ·Verizon FIOS
| Yeah, you hit the nail on the head. No ethics what-so-ever.. Are the following some of the class choices for today's students??
LC102 - Lying and Cheating, but sincerely, to get your way..
CA111 - Creative Accounting, make up your own rules.. Need those consecutive UP quarters to please the shareholders. But why WORK for it when you can fudge a little.. Sit back, relax.. Go for another Golf outing at the expense of a contractor who wants some business..
BM666 - Board Management. Learn the art of assigning board members who suit your needs solely.
Oh, I almost forgot..
GP999 - Golden Parachutes, make sure to cover your ass in case you are found out to be the buffoon you truly are. Jump with your Golden Parachute into retirement.
[text was edited by author 2003-07-28 15:24:38] | |
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devrandom
I got a pot, full of random stuff here
Premium
join:2003-06-28
| Lets have more businessmen run people into turmoil..
Which sucks for me and you, but is better for them..
[text was edited by author 2003-07-28 13:43:57] | |
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Unit649
I B U, Who U B?
Premium
join:2000-01-22
Stockton, CA
 ·Comcast
| Re: Hmmmm Well then part of that course should be 'not getting caught'. I have a feeling though that more and more of them will get caught now-the days of getting away with this are going away. Well at least for now because of the economy-if the economy had never gotten bad, we probably never would have known about it.....
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major marco
Res Firma Mitescere Nescit
Premium
join:2003-02-13
Stepford, CA
clubs:
| Re: Hmmmm said by Unit649 :
Well then part of that course should be 'not getting caught'. I have a feeling though that more and more of them will get caught now-the days of getting away with this are going away. Well at least for now because of the economy-if the economy had never gotten bad, we probably never would have known about it.....
What, exactly makes you say that. Where have you seen the WH do anything about corporate scandals in anything but name only lip service.
The shrub administration talks a good talk about prosecuting white collar criminals but so far, they have not taken any meaningful steps in that direction, which is precisely one of the main reasons why investors are skittish.
Unless you're counting standing in front of a sign that reads "corporate responsibility" for a staged press conference with scripted Q & A, the do-nothing WH is just blowing smoke. I'll believe "something" is being done to rectify corporate scandals and the guilty parties (like Ken Lay, et. al.) are being punished when I see significant, meaningful action being taken. Until then, all else is a bullsh1t smoke & mirrors ploy by the WH to make gullible people think that guilty parties are being punished.
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| hackysak
Premium
join:2002-03-23
Summit, NJ
·Verizon FIOS
| This is why.. You can't give the corporate heads too much leeway.. There need to be safeguards in place to keep them in check (Yes, I'm sure there are probably SOME honest people out there, some of them execs, but I think the majority can easily be swayed if the price is right).. The board of directors was SUPPOSED to be that safeguard.. But, it's hardly a safeguard when each of the CEO's hand picks who sits on the board..
Also, we, stockholders, are partially responsible for allowing these companies to get away with so much. I know many people who ALWAYS went with the recommendations from the BoD on the proxies (they didn't even READ what the hell was being proposed)..
Going forward.. Boards need to be completely independent and unrelated to the CEO's.. Shareholders need to be MORE INVOLVED with what is going on..
[text was edited by author 2003-07-28 15:09:30] | |
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mrmagoo
join:2001-05-11
Cartersville, GA
| white collar crime I think the problem is that there is no punishment for doing business without ethics. If you happen to be caught you will probably not do any time, and if you do go to prison, it will be a "white collar crime" and time will be served in a "country club" prison.
If the punishment would fit the crime then maybe business people would think twice and chose not to do that.
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| | attsbcisgay
join:2003-03-18
Beverly Hills, CA
| Re: white collar crime Everyone lost most of their saving into stock market scam, just don't continue to buy into their crap. What's gone is gone. A fool would continue believe their BS because they have their heads so buried so deep in their books that even a good guy like me, who's trying to do them a favor still don't do anyone any good. We taught that we should look out for ourselves and mind our business so that they can take advantage of bran washing the mass into their scam.
I hope that it does get better in the future that people would get smarter, and that I don't alway have to here to look out for them. If you don't care, no one is going to either. It doesn't have to be like this. | |
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ib50MbSoon
Formerly TwoKDialup
Premium
join:2002-06-07
Coloma, MI
| Re: white collar crime 20 years ago, it was the lazy, blue collar union worker who was blamed for the failure of American business.
Look who's screwing things up now! 
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zabes63
join:2003-04-05
Batavia, IL
| Hey! don't worry about it. The situation is completely handled.
I saw the President give a speech about this about a year ago. He was standing in front of a backdrop festooned with the words "Corporate Responsibility", and he spoke for almost half an hour.
If that doesn't put an end to this type of shenanigans, I don't know what will.
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