Maybe Jackpot Justice? Or Jackpot Editorials?
Monday, July 7th, 2008
The Blade is unhappy that there are “those who just don’t care about the long-held concept of fiduciary responsibility in the business sector .”
Yikes. It’s a bit hard to tell what the Blade is after there, but it’s a good guess that what they’re really referring to is, you know, decency, which is a bit different than fiduciary duty.
Somebody made a ton of money, had friends, etc. Was it outrageous? No doubt. But the issue is, if there really was a breach of fiduciary duty, then the failure is as much or more in the courts as anywhere else, so take the complaint to the courts if that’s the problem.
If there wasn’t a breach of fiduciary duty, then the complaint should land with the relevant shareholders, as in, what the dickens is the matter with you people, paying this bozo that much?
But neither of those paths will be followed. Instead, someday there will simply be more regulation. Until it stops moving, then there will be subsidy.
