Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Hank Rearden
He destroyed a lot of people's lives by wiping out their savings and investments

No he didn't. You're thinking of Enron. Tyco is a thriving business with 260,000 employees, whose stock did no worse during the 2001-2003 market dump than did Amazon, Yahoo or Apple. What he did was awful indeed, but is hardly worth 25 years or brutal sodomy, as many here have suggested.

40 posted on 06/17/2005 9:54:10 PM PDT by montag813
[ Post Reply | Private Reply | To 35 | View Replies ]


To: montag813
While it isn't worthy of rape, it is worth 25 years. He stole more than a bank robber could, so it's only appropriate that he face a strict sentence.

I like all these convictions as they send a message to CEO's that there are some limits on their predations on their companies. It also tells their subordinates that there can be consequences for emulating their bosses' worst habits.

I guess that the real problem is that a big public company really has too many shareholders for a unified voice over a CEO. It's just very difficult to get enough shareholders together to crack down on misbehaving executives. So an unethical executive has little to fear.

48 posted on 06/18/2005 7:52:54 AM PDT by LenS
[ Post Reply | Private Reply | To 40 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson