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KevinTheOmnivore KevinTheOmnivore is offline
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Join Date: Feb 2003
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Old May 23rd, 2003, 12:24 AM       
[quote="punkgrrrlie10"]Just as every murder doesn't get solves, there are always going to be people who get away with it. Fortunately, when it comes to money, the shareholders can always file derivative suits to make ceos get off their lazy asses. They try to keep it as self-sustaining as possible which is fine by me.[/quite]

I think your comparison makes more sense compared to corruption within the police force, not crime. Corruption in law enforcement is looked upon as wrong, whereas crime is seen as societal.

Police have internal affairs, self-checks, much like the SEC. The question is which one is more effective, and I think in regards to the SEC, when you have the wolf watching the hen house, fraud and neglegence are inevitable.

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The problem still is, is that even if they become more aware of what is going on, they are still going to be a minority shareholder, which means their individual vote counts for squat.
If the corporation is practicing poor business, the investor will either not buy that stock, or will unload it. People with little bits of stock are still the backbone of the whole system, and if they get spooked by a corporation's poor behavior, they will probably al jump ship.
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