On Fri, Aug 16, 2002 at 03:52:43PM +0000, Carl Remick wrote:
> As I've noted before, it's quite amusing to see business executives around
> the world leveling the bony finger of indignation at the corrupt conduct of
> their U.S. counterparts. Biz executives are pretty much the same greedy
> psychopaths everywhere.
>
> Re this, there's an interesting article in the Wall Street Journal today,
> "Outside the US, Executives Face Little Legal Peril." I don't have online
> access to the WSJ, so I'll key in just this paragraph:
>
> "At a time when US executives are being led away in handcuffs or hauled
> before congressional committees, business scofflaws in the rest of the world
> aren't hurting much at all. In most of Asia, Europe and Latin America,
> regulations and enforcement are so weak that the chances of conviction are
> slim. Legal systems are poorly equipped to handle misconduct in the
> executive suite. And securities watchdogs operate under budget constraints
> that make the US Securities and Exchange Commission look flush with cash."
>
> Carl
>
>
>
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-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu