thursday June 27 2013
Jeff Skilling finally got his sentence reduced to 14 years, he has served six so far. At least that means he does not spend life in jail. This article compares his sentence with others in the Enron affair, he was apparently punished for asking for a trial. Read the article to see what I mean.
Incredibly Richard Fuld paid himself $300 Million for his last year at Lehman. It then blew up with sub prime moretgages. Fuld was not even charged with anything and walks free today. Was Skilling's crime any worse?
this will be a good topic for the ethics class next spring.
nothing new, USC vs Ohio state. USC had a booster who paid a player without knowledge of the college while Ohio state had active participation by its coach in the wrong doing. However because USC fought (because they rightly believed they had done nothing wrong) they were punished far in excess of Ohio State (because Ohio State admitted wrong doing and worked with the NCAA). Right does not make right, plea bargining is the way to go.
Posted by: cary kingsley | June 28, 2013 at 05:55 PM