On Wed, Feb 23, 2011 at 10:57 AM, Gruss Gott <grussg...@gmail.com> wrote:
> > Call me pessimistic, but think there are very few board members who > feel "duty-bound" to do anything other than collect their check. > > As long as the CEO is bringing home the bacon, everyone wants to keep the party going. I worked for a company that lied about $500 million in revenue. The board never asked any questions; many of them sold millions (or the in case of padres owner John Moores, hundreds of millions) of dollars in stock during the time that the fraud was being committed. I never bought any stock in the company because I saw all this money flowing around - new buildings, corporate acquisitions - but I could never figure out how they were making so much money. Turns out I was right to be confused. Like I said, a lot of these folks inside and outside government have figured out that everything is going to crap and they are trying to make their score before it does, regardless of the cost. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:334629 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
