Enron
http://en.wikipedia.org/wiki/Sarbanes-Oxley_Act_of_2002
He's guilty of effectively tying many professional hands for a full quarter of the year. My boss and I just stopped defining and pushing a worldwide project last week because SOX puts us in a place where if we can't execute by Sept, we can't execute this year.
Phucker should fry!
He's guilty of effectively tying many professional hands for a full quarter of the year. My boss and I just stopped defining and pushing a worldwide project last week because SOX puts us in a place where if we can't execute by Sept, we can't execute this year.
Phucker should fry!
i once used a restroom at jfk airport, in a stall next to ken lay. i had run out of tissue paper and asked if he could spare a sheet or two. dude handed me almost a whole roll. definately not a good businessperson but not too bad of a poop neighbor. washed his hands over and over though - i thought that was pretty wierd.
I don't think you can primarily blame Lay/Skilling/et al for SOX. A lot of other weasels contributed to the need for draconian reform along with Enron. A culture of corruption was (is?) endemic in business. And, yes, I do recognize that it got going during the Clinton years. But it sure didn't help the situation when a de facto employee of Enron became President.
As for a lot of investors (actually, speculators) who lost money on Enron, I have no sympathy. Wasn't anyone asking "What does Enron make? Where do they add value?" I think that they touted themselves as "an energy marketplace." What does it mean for a private company to claim that it is a 'marketplace', especially when it participates in that market itself? In hindsight, it seems pretty clear that they were all smoke and mirrors. But wasn't it the job of analysts to ask questions? When someone presents you with a black box with vague inputs and huge claimed profits as an output, shouldn't you figure out what the hell is in the box?
It's the long time employees who were really, really shafted. That double whammy of losing your job and having all your company stock evaoprate sucks enormously. They are the real reason that folks like Ken Lay should go down. (and why strict government oversight of publicly traded companies is so necessary...)
As for a lot of investors (actually, speculators) who lost money on Enron, I have no sympathy. Wasn't anyone asking "What does Enron make? Where do they add value?" I think that they touted themselves as "an energy marketplace." What does it mean for a private company to claim that it is a 'marketplace', especially when it participates in that market itself? In hindsight, it seems pretty clear that they were all smoke and mirrors. But wasn't it the job of analysts to ask questions? When someone presents you with a black box with vague inputs and huge claimed profits as an output, shouldn't you figure out what the hell is in the box?
It's the long time employees who were really, really shafted. That double whammy of losing your job and having all your company stock evaoprate sucks enormously. They are the real reason that folks like Ken Lay should go down. (and why strict government oversight of publicly traded companies is so necessary...)
Bacon is meat candy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
All work and no play, makes Jack a dull boy.
"Everyone should have a plan for the zombie apocolipse" Courtney
case in point for diversification. never put all your cash in company stock.
yep, Clinton turned a blind eye as the stock market got roaring...too much heyday to reel in...heck, Eliot Spitzer knew he couldn't beat Guiliani for mayor, so he had to wait for Bloomberg before going on his witch hunts for corruption....now, imagine that, Eliot wants to run for mayor....no suprise...so much for fighting for the good of the people....
Hilary got her cash on cattle futures....highly unlikely Bill would raise hell on the financial district....W and Clinton...two peas in a pod.
yep, Clinton turned a blind eye as the stock market got roaring...too much heyday to reel in...heck, Eliot Spitzer knew he couldn't beat Guiliani for mayor, so he had to wait for Bloomberg before going on his witch hunts for corruption....now, imagine that, Eliot wants to run for mayor....no suprise...so much for fighting for the good of the people....
Hilary got her cash on cattle futures....highly unlikely Bill would raise hell on the financial district....W and Clinton...two peas in a pod.
Positive vibes brah...positive vibes.