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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: orkrious who wrote (194932)10/3/2002 6:50:17 AM
From: Oblomov  Read Replies (1) of 436258
 
Ork, the problem is that shareholders were defrauded. These CEOs would never have accepted IPO allocations if they were really acting in the interests of the shareholders. Also, it's one thing for Goldman to make small gifts of goodwill or thanks (say, <$100 in value), and another thing entirely to give millions of dollars of thanks in OPM. Ethics were cast aside in the late 90s, and those who were caught up in the spirit of the moment should get their just desserts... regardless of whether they were simply doing what everyone else was doing.

This is cronyism, not capitalism. The economy can't really recover until the excesses of the 90s are acknowledged in a sober manner, and exorcised. Who knows, maybe "doing time" will come to be seen as a badge of honor in CEO circles, much as having run a failed dot-com start up once was, hmmm... seems like yesterday... -g/ng-
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