SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.19-1.8%Dec 12 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill Harmond who wrote (144707)8/4/2002 11:07:08 PM
From: GST  Read Replies (1) of 164684
 
So, if a CEO of a tech company tells me that there are no untruths of a material nature in any of the company's official financial statements, then I must conclude either A) The CEO is unaware that the statements omit hundreds of millions of dollars in unreported compensation expenses which inflates reported earnings (or under-reports losses), or B) The CEO is aware of this gross misrepresentation of the financial performance of the firm but deems it justified because it is good for the income of the managers and acceptable so long as you can get away with (it is legal). Look at part of the definitions you posted and tell me if this is "accountability" or "responsibility". I did not see that part that said "responsibility is whatever I can get away with".

<<4. Able to make moral or rational decisions on one's own and therefore answerable for one's behavior.
5. Able to be trusted or depended upon; reliable.
6. Based on or characterized by good judgment or sound thinking: responsible journalism.>>

<<Responsible often implies the satisfactory performance of duties or the trustworthy care for or disposition of possessions: “I am responsible for the ship's safety” (Robert Louis Stevenson). Answerable suggests a moral or legal responsibility subject to review by a higher authority...>>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News