They do not exist. Just because there are laws written on a paper somewhere doesn't mean they exist. If there never enforced, they don't exist.
Look up MF Global / John Corzine if you care to disagree on this.
First Brands CEO Resigns
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Look up MF Global / John Corzine if you care to disagree on this.
A law that exists on the books, is potentially a tool for enforcement bodies to take actions. Political winds often change.
The system protects the system. Possibly this dude is an outsider, so maybe he is prosecuted - but even if he is it will be an anomaly.
I would be happy to be proven wrong on this, but in my lifetime I have never seen different.
All I can tell you is, this is how it was explained to me, and the importance of the numbers my work generated. I was asked to attend a closed C-Level Boardroom meeting. The meeting started with, talk of this meeting does not go beyond this room. I became an insider and had to sign non-disclosure documents that day.
Sarbanes-Oxley convictions example
Yeah, I hear you. It definitely seems like the percentage of "nothing happens" hovers in the high 90s, Jeff's examples notwithstanding. People are going to push the envelope as far as they possibly can in pursuit of personal gain.
A lot of times something only happens if you piss off the wrong person, or something that is so big, so public and so obvious that it cannot be covered up, like Enron.
But at the end of the day I wonder how right John Adams was. He reportedly said, "Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other."
Here is another update on the unfolding situation.
https://www.msn.com/en-us/money/com...1&cvid=6ca6708cb7e04d60b86c368eccd4774c&ei=78
https://www.msn.com/en-us/money/com...1&cvid=6ca6708cb7e04d60b86c368eccd4774c&ei=78
