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by justboxing 3179 days ago
This is how it always goes down.

- F*ck your customers over by gross negligence and sheer greed (or stupidity, or both)

- Get caught with your pants down

- Dump your stocks and cash out

- Apologize when customers and media express outrage

- Go to Congressional hearing and repeat the magic words "I do not recall" for every question

- Find 1 low-level scapegoat employee

- Fire that employee and declare that the company is now 'clean'

- Avoid any jail time for wrong doing by paying a fine

- Collect your 'Golden Parachute' = MILLIONS and slide into a new CEO Job.

- Rinse and repeat.

White collar crime pays. Big time.

And almost no-one ever goes to Jail -- unless they have the bad-fortune of being prosecuted by A.G. Preet Bharara (record of 79-0 conviction obtained), which is also not relevant since Trump fired him soon after taking the White House Office.

Related: Here's Preet Bharara's Amazing 79-0 Insider Trading Conviction Score Card - http://www.businessinsider.com/bharara-insider-trading-convi...

4 comments

You missed "Sell your stock"
As of 2016 you can now add to the list "suspected state actors." How could any private company be responsible for being able to stop this?
And, if it is bad enough that a CEO has to be let go... they pop that fancy, golden parachute on the way down...
- collect $90 million and skip the jail part.
lol. Yes. I added your point.