Quote:
Originally Posted by MSD
When was the last time that a company returned maximum profit from doing the right thing? My best answer would be the Tylenol Murders. Perhaps you can give me a more recent example?
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I don't know what you mean by "the right thing", but from my point of view the "wrong thing" never pays off in the long run.
I think the percentage of psychopaths or stupid people in management mirrors that in the general population. I have never seen a true correlation to good old common sense and people being promoted into jobs with more and more responsibilities, have you?
---------- Post added at 07:15 PM ---------- Previous post was at 06:57 PM ----------
Quote:
Originally Posted by Ourcrazymodern?
So I'm a goat. Explain it to me. Also, please, explain how ^ doesn't abrogate your argument that greed was not to blame. I naively think that ongoing regulations might more forcefully take this into account.
Stupid sidebar: "If we don't get caught, it's not against the law."
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Rather than a goat, let's be one of the three little pigs.
Headline day one:
Mr. Pig saves company $1,000,000 by building the new building out of straw. Some say he is a genius, one of his competitors says he is just stupid. Regulators signed off on his new stronger designs, and gives Mr. Pig a Certificate, which Mr. Pig framed and hung on his wall.
Headline Day two:
Building made of straw destroyed by wolf, who huff and puffed and blew it down, costing Mr. Pig's company $1,000,000,000. The company faces bankruptcy. Congressional hearings are scheduled. Regulators release reports showing Mr. Pigs history of regulatory violations. Mr. Pig cut corners for money says everyone in the media and acedemia. One of Mr. Pig's competitors states he was plain stupid and that it has been common practice not to use straw for many years in the industry.
Headline Day three:
New regulations implemented to prevent taking short cuts to save money. Mr. Pig re-builds using sticks. The use of sticks saves Mr. Pig $500,000. Some say Mr. Pig is a genious, one of his competitors says he is plain stupid - that everyone knows in the industry that bricks have to be used. Regulators signed off on his new stronger designs, and gives Mr. Pig a Certificate, which Mr. Pig framed and hung on his wall.
In other news Mr. Pigs competitors gain market share and announce record profits - citing the value of long-term planning and the value of doing things correctly from the start. New President to propose to taxes to "spread it around a bit" meaning profits. Protesters plan boycotts chanting " stop greedy capitalist pigs"
Headline Day four:
You know the rest of the story
---------- Post added at 07:19 PM ---------- Previous post was at 07:15 PM ----------
Quote:
Originally Posted by The_Jazz
ace, stating that AIG's problems were caused by "cutting corners" just shows that you're incredibly ignorant of the facts surround that particular corporation's problems. They cut no corners and violated none of their internal guidelines.
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Is that what I said?