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Originally posted by theking
I said three or four you said three or four dozen. I should have qualified my statement by stating within the last year or so. Of course over the years many companies have been found guilty of crooked business dealings. You named seven and without researching the matter as far as I Know Haliburton is stlll a large and stable company. Please feel free to correct me if I am wrong. The laws that apply to corporations have recently been improved upon and this includes criminal law as well. Some of these people involved will eventually find themselves wearing prison denim as several of these cases are currently being investigated by the JD. Just answer this question please. Is it business, big and small, that provides the US with the number one GNP in the world?
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Except for Waste Management, I believe those were all since 2001.
Stable and healthy companies don't cook books like that because... they are stable and healthy and don't need to. The fact that they haven't completely collapsed _yet_ doesn't mean they can't or won't. Those examples are merely symptoms of the larger problem.
Yes, there has been a shift toward more stringent laws, recently. Let's face facts, though, that's is 100% last-minute ass-covering or those laws would have been in place decades ago.
Of course business provides any country with their GNP. So what? They generate money so they can be excused for whatever they choose to do? Baloney. That's is an <B>extremely</B> weak attempt at knocking my argument aside and I think you know it. Who benefits the most when these companies are pulling this shit? It isn't the bottom-rung grunts. They don't taste the big money or the benefits. At best, they get to keep a job. Who suffers the most when these precarious financial card-houses come down? The same bottom-rung grunts that didn't benefit while the company was getting away with it. The worker gets it in the shorts while the people who were perpetrating all the book cooking and illegal trading float away on golden parachutes. Do you really believe those people are going to be punished adequetly? Not a chance. They'll get some of the mid-high level management and the real skunks will move to Belize or keep the cases tied up in court until they die in the hut tubs of their $20,000,000 mansions.
SpaceAce