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Old 9th Jul 2002, 22:47
  #58 (permalink)  
Luke SkyToddler
 
Join Date: Mar 1999
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Hear hear Kaptin M. If the Americans do the unprecedented, and send down a bunch of Enron and Worldcom beanies for lengthy periods, we might finally start to see some attention being paid to the concepts of corporate responsibility and accountability for decisions in a few other boardrooms. This industry - on both sides of the Tasman - has seen far far too many episodes of good companies and work forces being sacrificed to prop up the personal crusades and/or bank balances of management.

The way things are at the moment, it seems that execs can run amok with shareholder's money, knowing that the worst that can happen if it goes pear shaped is that they'll receive a massive golden handshake for the company to be rid of them.
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