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widgeon13 widgeon13 is offline
"O"man(are we in trouble)
 
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Join Date: Nov 2005
Location: On the edge
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They are guilty because they have been judged to be guilty by a jury of their peers. More than likely they would be guilty in many other countries as well.

While I would like to see them make reparation for the financial fiasco they precipated on the former Enron employees as well as the entire financial community, I don't know that it (reparation) is possible w/o creating a process more costly than the debt they have created. Since they are convicted felons, most corporations would not hire them and while the proceeds from books could be significant, it's spit in the ocean compared to what they squandered through gross negligence and dishonesty. Anyway, a book would only be clear admission of guilt. (These guys are not Jack Welch.) Unfortunately, I believe this is just the tip of the iceberg in the corporate environment today.

As for the investors, much of the financial lose was experienced by institutional investors and consequently had a more far reaching impact than just the employees and private investors who trusted the corporation to make honest and ethical decisions. Being gullible and greedy is not a crime.
Old 05-28-2006, 08:00 PM
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