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Disney reveals depth of deep Pooh

9
jepstonePerson was signed in when posted
05-25-2002
04:27 PM ET (US)
When I read your blog, I immediately thought of this Maakies comic.
8
h0tgritsPerson was signed in when posted
05-24-2002
10:08 AM ET (US)
Hey, What's good for Disney is good for America, right?
7
Stefan JonesPerson was signed in when posted
05-24-2002
03:08 AM ET (US)
Problem with the Corporate Death Penalty:

The f*#$%#s most responsible dust themselves off, call someone in the old boy network, and get another position. Meanwhile, the employees and stockholders get utterly screwed.

I think we need a show like "America's Most Wanted," only it profiles executives who screwed employees and stockholders. Make the bastards unemployable.
6
chico haasPerson was signed in when posted
05-23-2002
06:11 PM ET (US)
Except they smell better.

Why corporate mischief causes participants less trouble than popping a 7-11:

1. Nation operates according to laws.

2. Law schools.

In this country, if you want to change something you don't like or protect something you do, become a lawyer.
5
JRCPerson was signed in when posted
05-23-2002
05:28 PM ET (US)
Right. What people don't seem to understand is that this sort of corporate malfeasance HURTS CAPITALISM.

You want to create a bunch of socialists real fast?

Inflate the stock price of your company through lying to the SEC.
Sell off all of your stock using insider info just before it starts to tank, but forbid your employees from selling theirs.
When the company goes under, lay off thousands without severance or their 401K (which you encouraged to be mostly invested in the now-worthless company stock), while taking a golden parachute for yourself.
Then, when they're all out on the street looking for work, grumble to your wealthy friends about all the freeloaders in America these days, getting fat off your taxes.

These people are the kind of idiots who caused the French Revolution.
Edited 05-23-2002 07:52 PM
4
Charlie StrossPerson was signed in when posted
05-23-2002
05:09 PM ET (US)
Kickstart70: agreed on both points. I'll go further and say that I figure quite a few large companies deserve that corporate death penalty right now -- Disney, MPAA, RIAA, ASCAP, Microsoft, British Airways, Railtrack PLC, and a horde of others.
3
Kickstart70Person was signed in when posted
05-23-2002
03:46 PM ET (US)
Does anyone other than me think the following?
  • There should be a corporate death penalty (ie. that in cases where the company is beyond redemption in honourable business practices the gov't force the corporation to shut down and split it's assets among employees)
  • The fines for shredding documents in order to hide evidence or avoid prosecution should be equal to or greater than an estimate of the settlement of the issue in question

I'm a good capitalist boy, but I am so sick of corporation dishonour, mishandling, lies, bribes, hidden agendas, corruption, kickbacks, paper shredding, et al, that I am fervently hoping for the final scene of Fight Club to come to fruition sooner rather than later.
Edited 05-23-2002 03:46 PM
2
Joey deVillaPerson was signed in when posted
05-23-2002
03:05 PM ET (US)
Oh, Cory, you're just a tool of The Mouse... ;)
1
SakushaPerson was signed in when posted
05-23-2002
12:57 PM ET (US)
Oh yeah.. go ask Peggy Lee about Disney's fictitious accounting practices. It took her many years in court to get her justly-deserved royalties.
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