On Feb 2, 6:50 pm, Hadron <hadronqu...@xxxxxxxxx> wrote:
> Rex Ballard <rex.ball...@xxxxxxxxx> writes:
> > On Feb 2, 5:56 pm, ray <r...@xxxxxxxxxx> wrote:
> >> Actually, I'm not so sure they'e very good at marketing - I think they're
> >> great at extortion.
>
> > They have publicly admitted, in court, to fraud, extortion, blackmail,
> > sabotage, and obstruction of justice, just before negotiating
> > settlements where the lawyers get $millions in cash, and the plaintiff
> > gets $millions worth of "Billy Bucks" - Microsoft licenses - for
> > computers that were previously running Linux.
>
> > Microsoft has demonstrated that CRIME DOES PAY!
>
> > Of course, many others have emulated the style, including
> > Enron
> > WorldCom
> > Bernie Maddof
> > Goldman Sachs
> > Country Wide Mortgage
> > Merril Lynch
> > Haliburton
> > Exxon
> > BP
>
> > And they are still looking at
> > Citi Bank
> > Bank of America
> > Chase
> > JP Morgan
>
> Why did you not list IBM Rexx?
IBM has been working very hard to maintain ethical standards. There
are business conduct guidelines, and every employee is required to re-
certify every year.
I've even had to report possible misconduct and found that Management
and the legal department were very supportive. There was a potential
piracy issue and the issue was resolved legally and ethically.
90% of the companies in the world are very honest and ethical. For
the last 8-12 years however, there have been some shady deals. In
some companies, ethics is not an asset companies are looking for.
Starting in the Reagan era, Companies financed take-overs by selling
junk bonds to their own pension programs and then raiding the pension
funds of the "over-funded" pension plans of the target company to pay-
off the junk bonds.
The only problem was that when the crash of 2001 hit, and pension
plans lost huge chunks of their funding to Enron, WorldCom, and other
Harvey Pitt targets, the pension funds suddenly weren't "over-funded"
anymore.
The housing crisis wiped out pensions who were heavily invested in
REITs and Mortgage backed bond funds. I'm not even sure where the
money is going. Some bank in Jamaica?
The Bill Gates business model - strikes again.
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