CORPORATE OFFICERS: Should the government just prosecute ineffective ones, too?

[MadRat]

The stability and profitability of a corporate structure lay in the hands of the board-annointed officers. Not only that, but they make decisions on how the capitol of a company is used, regardless of how the board feels.

Case in point are the two independent electrical companies in California. Clearly there was a large nestegg of capitol saved up over the years by these two companies. The leadership of both companies transferred the savings of these companies into parent companies. Clearly we have some type of pyramid scheme here, led by the corporate officers. I am pretty confident somebody will end up getting some pretty stiff deferred sentences out of the fiasco.

On the other hand we have companies like Intel that don't do anything outright illegal. They simply have leadership that overspent its research, design, and marketing budgets to the point of crisis. On top of that the Intel officers tapped immorale relationships with renegade companies like RAMBUS Inc. Billions of dollars in real cash is being lost by stock holders due to these bad decisions.

Shouldn't bad decision-makers face stiff deferred sentences, too!?!

 

[Jmman]

So, let me get this straight? If you screw up at work and make a bad decision, you want to face criminal prosecution and possibly going to jail?

 

[yellowperil]

I think it'd be a lot harder to convince people to become corporate execs

 

[MadRat]

I'd do the job for $4 million annually. C'mon, its a pud job!

 

[Jmman]

I used to be corporate officer for a large company, and let me tell you, there are more regulations than most people ever realize. I had a lawyer practically following me into the bathroom just to make sure I wasn't creating any liability issues by taking a leak......

 

[MadRat]

Its still a pud job.