The loans given out to the board members, while legal, did not have to be repaid. If they default, there is no penalty except that the company is out of money.
Should the investors be concerned? Of course.
It should be noted the CEO's loan WAS his responsibility, and did have to be repaid, unlike the rest of the board's loans.
Now which of these actions is worse? Allowing the board to "steal" money from the company, or people demanding they be made accountable for the loans they took out?
There is a story here, you just need all the facts.
Even though I live in Indiana now, I used to live in Wisconsin. When Russ Feingold first ran for the Senater, I was taking a civics class as a freshman in high school, and Feingold was my chosen person. He is by far and away the most ethical person I have ever seen in Congress. He was elected without running a single negative ad. (which is unusual in itself) It doesn't surprise me one bit that he was the lone dissenter.
I thought I heard at one time that Gore was thinking of taking Feingold as his Vice Pres. I don't think it would have been a bad idea, and would have easily gotten my vote (I voted McCain for Pres because he's the only candidate I cared about).
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Ah, but what if they download songs that are named similarly to their songs, which they don't own the copyrights for?
Then they can be sued for copyright infringement by the owners of the song, once they try to prosecute the person sharing it.
The loans given out to the board members, while legal, did not have to be repaid. If they default, there is no penalty except that the company is out of money.
Should the investors be concerned? Of course.
It should be noted the CEO's loan WAS his responsibility, and did have to be repaid, unlike the rest of the board's loans.
Now which of these actions is worse? Allowing the board to "steal" money from the company, or people demanding they be made accountable for the loans they took out?
There is a story here, you just need all the facts.
Even though I live in Indiana now, I used to live in Wisconsin. When Russ Feingold first ran for the Senater, I was taking a civics class as a freshman in high school, and Feingold was my chosen person. He is by far and away the most ethical person I have ever seen in Congress. He was elected without running a single negative ad. (which is unusual in itself) It doesn't surprise me one bit that he was the lone dissenter.
:)
I thought I heard at one time that Gore was thinking of taking Feingold as his Vice Pres. I don't think it would have been a bad idea, and would have easily gotten my vote (I voted McCain for Pres because he's the only candidate I cared about).
Here's to Russ Feingold