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Superman Superman is offline
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Join Date: Mar 2000
Location: Lacey, WA. USA
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Of course, if executives do unlawful things then they should be thrown in jail. But....the law allows business decision-makers a WIDE latitude. W-I-D-E. In fact, our system vigorously encourages the riskiest of decision-making. Even in a legal sense. The "market" is diversified, which means investors are less risk-averse than managers. Not only does our system require, in a legal sense, the riskiest of behaviors but our culture similarly admires and rewards these "heroes." Reaching for the brass ring. Taking chances and winning BIG. That's a cultural value here. The problem is not really about isolated, individual risky decisions. It is systemic. These people you are calling "crooks" are, in fact, heroes.
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Old 10-07-2008, 09:04 AM
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