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Non-Tech : The ENRON Scandal

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To: Raymond Duray who wrote (3715)3/27/2002 1:12:26 AM
From: Labrador  Read Replies (1) of 5185
 
Can you be specific as to his personal wrongdoings?

I do not think that it makes sense to condemn the CEO of a company for what a few of 85,000 underlings did. Or do you have some specific knowledge of his dasterly deeds?

It is neither wise nor normal practice to destroy the whole of the Los Angeles Police Department, giving pink slips to every officer good or bad, when the acts of a handful drew unfavorable attention. If that were the case, the LAPD would be long gone and just think what the crime rate would be. And, of course, up the chain to the mayor of LA. Those who committed crimes should pay, but not those who did not know, or should have no reason to know. One could go down the list of companies that could then be arguably held accountable, for example broker/dealers who have a rouge broker fleecing innocent clients. Should the CEO of Merrill Lynch go criminally down because a broker stole from a client, or because the firm may have participated in municipal bond yield burning? Remember, these CEOs rely on people, and those people should be punished when they do the wrong thing.

By the way, can you comment on his entire life of crime? Let's hear about the 1975-6 time frame.

I think that people who think like you are very nearsighted, naive and possible dangerous.
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