Thursday, January 25, 2007

A short sell

In a litigation happy country like the USA, usually when a CEO bungles his objectives, makes a mess of his balance sheet and loses the confidence of his shareholders, this CEO usually gets fired by the board. This CEO would also faces class action lawsuits for mismanagement and incompetence and if employees and/or customers died, throw in criminal negligence charges. Unfortunately this won't happen when the CEO is the President and the Corporation is the USA.

1 comment:

Anonymous said...

Here here! You are 100% correct. It is shameful really.