Letters to the Editor

Enron changed nothing In the breeding grounds of executive crime, greed still rules. The only lesson corporate America has learned is how to blame everybody else. By Gary Weiss [2006-05-31]

• Right, but OBVIOUS

  I enjoyed the article and I think it points out some of the flaws that modern corporate governance has, even with some high profile convictions.

  But a lot of this seems, frankly, OBVIOUS. There is little incentive not to commit crime when you are an executive. And the problem is not the executives, but that the crimes committed have little penalties, and would willing be committed by someone else. In economic terms, there is too much opportunity cost (read: money), to not commit a crime that is at best lightly punished.

  I don't want to condone any behavior, but regardless, you cannot expect much out of people who have gained their positions with a combination of intelligence and greed.

  -- alec
  Permalink Flag Wednesday, May 31, 2006 11:47 AM
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