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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 225.17+1.8%9:35 AM EST
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To: Glenn D. Rudolph who wrote (144679)8/4/2002 5:42:11 PM
From: GST  Read Replies (1) of 164684
 
Glenn: The implied question is, what should a CEO be responsible for knowing? How uninformed is too uninformed? When does ignorance become negligence? I cannot see how negligence, ignorance and incompetence should be enough to shield CEOs from accountability -- there is both what you know and what you should reasonably be expected to know.

We had a case here where a sub did an emergency surfacing drill just offshore by Diamond Head while showing some government tourists what it felt like to be in a sub as it leaps through the surface and jumps clear out of the water -- quite a joy ride. The Captain pulled this stunt in the middle of one of the busiest shipping lanes around the islands, and sure enough, through miscommunication, he failed to spot a ship on the surface which he then rammed and sunk, killing both adults and children who were on board as part of an educational mission. The Captain did not go to jail or lose his benefits -- but he is now out of the navy. He did not know he was about to ram a ship. But he should have known the risks and he should have taken steps to avoid killing these people. We, as a society, have not embraced the concept of responsibility and accountability.
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