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31st May 2008, 01:45 PM

On May 30, 6:35 pm, "Jerry Okamura" <okamuraj...@hawaii.> wrote:
> "al Guacamole" <a...@lava.net> wrote in message
> news:1212162300-sch@news.lava.net...

>> I'll quote you on CEOs of US Corporations who presumably belong to
>> responsible companies...
>
>> "These CEO's of large companies are just human beings. They do not
>> walk on water, or have some sort of crystal ball that tells
>> guarnatees
>> that they will be successful. And because they are human beings,
>> some
>> are honest and some are not honest. You cannot dream u way to
>> prevent
>> that from happening."
>
>> Here you imply that they can get away with lying. That's not how the
>> system is intended to work. It's a similar to you saying that
>> criminals are "just human" and will break the law, and there's no way
>> to "prevent" that. I point out that we "prevent" that by having
>> deterrence. They screw up and in theory, the law says that they get
>> punished.
>
> I DID NOT SAY THEY THAT WOULD LIE. I said that being human, they
> will make
> mistakes and like all human beings some will not tell the truth.

Jerry... very few of us lie in court-- much less if we can be
convicted of a criminal offense as was Ken Lay of Enron. What you
claim to say is obvious in general. Why use it when we are discussing
something specific like this?

I suspect that lying like this is more common than most people
realize, and it would be great if there were a way to kick out a
dishonest CEO. Especially in Hawaii it would be great for our economy
if the CEOs of our Hawaii corporations were more accountable and
responsive to their shareholders. For example, we could require that
shareholders with 5% or more of the company could request a seat on
the board. If they suspect mistakes and misconduct, then they could
get the CEO fired without a messy proxy fight.

31st May 2008, 01:45 PM	#5 (permalink)
al Guacamole Guest Posts: n/a Classified Rating: % ()	Isn't in the local news. On May 30, 6:35 pm, "Jerry Okamura" <okamuraj...@hawaii.> wrote: > "al Guacamole" <a...@lava.net> wrote in message > news:1212162300-sch@news.lava.net... >> I'll quote you on CEOs of US Corporations who presumably belong to >> responsible companies... > >> "These CEO's of large companies are just human beings. They do not >> walk on water, or have some sort of crystal ball that tells >> guarnatees >> that they will be successful. And because they are human beings, >> some >> are honest and some are not honest. You cannot dream u way to >> prevent >> that from happening." > >> Here you imply that they can get away with lying. That's not how the >> system is intended to work. It's a similar to you saying that >> criminals are "just human" and will break the law, and there's no way >> to "prevent" that. I point out that we "prevent" that by having >> deterrence. They screw up and in theory, the law says that they get >> punished. > > I DID NOT SAY THEY THAT WOULD LIE. I said that being human, they > will make > mistakes and like all human beings some will not tell the truth. Jerry... very few of us lie in court-- much less if we can be convicted of a criminal offense as was Ken Lay of Enron. What you claim to say is obvious in general. Why use it when we are discussing something specific like this? I suspect that lying like this is more common than most people realize, and it would be great if there were a way to kick out a dishonest CEO. Especially in Hawaii it would be great for our economy if the CEOs of our Hawaii corporations were more accountable and responsive to their shareholders. For example, we could require that shareholders with 5% or more of the company could request a seat on the board. If they suspect mistakes and misconduct, then they could get the CEO fired without a messy proxy fight.