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Old 10-08-2008, 02:24 PM
srmom srmom is offline
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Crackerbarrel, that's exactly what happened at Enron too, and trust me, Jeff Skilling is now not only a pariah, he's also in prison. It's unfortunate for his family, they are great, but he steered the ship straight into the rocks with the - front end bonuses paid for risky ventures scheme, which caused all the traders to leap before they looked!!! It is a corporate mentality that comes as edicts from the top - produce and get bonuses, doesn't matter if the end product is junk, just make the deal...

I remember sitting with his wife at a ball game during the fiasco, and she was assuring me that it was just a situation of a "rush on the bank", that if people had maintained confidence, everything would have been fine. In reality, it was a "house of cards" just waiting to collapse. Same problems with the risky investments now.
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