SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Freedom Fighter who wrote (131857)8/30/2012 7:15:18 AM
From: Madharry  Read Replies (1) | Respond to of 132070
 
My point was, you could perhaps give someone the benefit of the doubt over once incident where the details are sketchy and some excuse is made. but once it happens again after the person has been warned, at least the administrators should have known, a/ the guy is a serial offender, b/ he clearly cant controls his actions.
c/ the likelihood of continuing to sweep this under the rug is virtually nil. d/ there is already a prior example of sanctions lawsuits regarding the catholic church for how they dealt with this type of behavior.

So it was quite predictable and inevitable that this would play out as exactly as it did. Now when i think of it one could probably right a book about how unlike black swans which are unpredictable, there are still many events whose outcome is entirely predictable and the only uncertainty is the time frame. now rationally we could change that outcome but we dont for various reasons. so the question is- are people behaving rationally by doing what is easy and cheap short term and hoping the long term consequences of their behavior will just sort itself out? I certainly experienced this in banking when there was always an incentive to book more loans which determined bonuses for the senior lenders. they never worried much about the loans going bad

I remember sitting at a senior loan committee for the small bank i worked for. i was taking minutes as the secretary being at a very low level at the time. and some one proposed that a line of credit be given to this fortune 500 company that for the first time ever wanted a credit line from us. In years past they had pretty much ignored our solicitations. Now around the table everyone pretty much jumped for joy at landing this pristine client. Not one person questioned the turn of heart by this company. within a year that company filed for bankruptcy.