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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who wrote (50343)	2/13/2002 7:26:11 PM
From: Jacob Snyder	Read Replies (1) of 54805

re: Their job was to know what was going on: I'm with you on this one. I believe that people given a lot of responsibility and power should be held responsible for the actions of the people they oversee. Saying, "I didn't know", is not acceptable. Saying, "someone else in the company did it, and didn't tell me", is not acceptable. A Captain of a ship is responsible for every action of every crewmember, and that's the attitude that responsible Board members should have. I also believe in the concept of collective responsibility. That is, it is often impossible to tell exactly which individuals within a group did the dirty deed. This is true whether the group is Kindergardeners on the playground, or a corporate Board. It would raise the sphincter tone of a lot of decision-makers, if every member of the Enron Board is permanently kicked off every Board they are on. It would make people police each other, and make people look for fire if they smell a faint whiff of smoke. Make a clean sweep. Make a statement. That would improve the moral tone in a lot of places.

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