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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (50547)	7/22/2002 4:21:12 AM
From: QwikSand	Read Replies (2) \| Respond to of 64865

That's phony spin Steve, so I assume you're joking. McNealy means what he says and I think he's right. Are you saying that any CEO who doesn't want to spend his time on things that belong in a different part of a time-tested organizational structure that basically works fine, is running a BK candidate? Nonsense. Running a company--or any organization--PRIMARILY means delegating things to the right people (as you know since you run one). McNealy pays some turkey a million bucks a year to see that the financials are clean, and that turkey has a turkey farm under him that earns millions more. Why should McNealy have to sit in audit meetings when he's a crucial sales and PR resource and a zero-importance financial-statement resource? He's pointing out that this whole deal is to some extent another media feeding frenzy. Somebody posted the other day: there are plenty of crooks around but to a large extent this accounting dust-up is just a facet of bear market blame-assignment mania. If laws need shoring up, shore them up by all means, but let's not get ridiculous. No shareholder wants the government to make CEO's sign vouchers for office supplies. Blame-assignment mania leads people to fix things that ain't broke along with the things that are. --QS