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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (15753)	9/2/2000 3:23:17 PM
From: Ex-INTCfan	Read Replies (1) \| Respond to of 436258

Haim, we actually aren't all that far apart on this issue. I admit that they do make mistakes such as in your example. They are not inherently dishonest -- they are greedy, and that can cloud their judgment. When they make a mistake, they usually fess up; when they don't fess up, my belief is that they have convinced themselves that they are right. This occurs when a senior manager wants to cover his ass. The senior manager doesn't want to take a fall, so they assert that the customer is wrong. As I said, that is the exception. With regard to your statement: "the bank wrote reported billions of dollars in non performing loans;" let's not confuse a bank's stupidity with dihonesty. It sounds like the stock deserved to tank. What I take away from your last statement is that, as always, you have to know the individual you are dealing with in a business matter. I'd rather work with an honest individual who works for bad organization, than a dishonest one who works for a good one. INTCfan