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View Diary: Open thread for night owls: Is BP getting off way too easy? (144 comments)

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  •  Responsibility (1+ / 0-)
    Recommended by:

    'that money comes out of the hides of the pension funds, insurance companies, private parties, and mutuals that own shares in this public corporation.'
    As it should. Then they should either
    prove they were defrauded by the execs.
    Or admit that they hired the execs to do what execs do.

    Otherwise, they just point fingers at each other.

    -- the people are the leaders

    by in on Fri Nov 16, 2012 at 05:45:18 AM PST

    [ Parent ]

    •  The complaint is that the exec's are not fined. (0+ / 0-)

      You think that pension funds know what exec's in companies are doing, day by day ?????

      They get to read the financial statements. Cutsie-pie articles in the xxxxx-week mags.

      Investors are brain dead for this shxt. Nobody controls what's going on. Not compared to the management class.

      •  Owners should demand better management (0+ / 0-)

        Current law coddles shareholders, protecting them  from responsibility.
        When the law stops coddling owners, then they will force their hired guns to behave.
        As laws are now, shareholders allow executives to commit crimes, much like criminal parents allow their juveniles to commit crimes.
        (The difference is that parents can be found more liable for their kids' crimes.)

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