Slashdot Mirror
Investor Lawsuit Blames NSA For $12B Loss In IBM Value
Jah-Wren Ryel writes "IBM Corp has been sued by the Louisiana Sheriffs' Pension & Relief Fund which accused it of concealing how its ties to what became a major U.S. spying scandal reduced business in China and ultimately caused its market value to plunge more than $12 billion." While anyone can file a lawsuit, being sued by an institutional investor is a little different than being sued by John Q. Disgruntled.
In addition, IBM shares recovered almost all their 6.4 percent loss within a month!
They may as well be suing the NSA, considering what would come out in discovery if this lawsuit is allowed to proceed. Or rather, what won't come out, in the interest of "national security."
Your paranoia does not extend to established business, which have the option to fight back but choose not to.
Oh how I pine for the day when I believed that shit. We were such a more innocent populace, weren't we? Go look up MKULTRA to start, and follow the Wikipedia links from there for a few hours. CEOs of companies, deans of universities, directors of hospitals, they were all in on it and that was the 1950s.
You think that sort of thing isn't going on now? The "option to fight back," oh good heavens, someone catch me before I pass out from laughter.
Thanks to the War on Drugs, it's easier to buy meth than it is to buy cold medicine!