Enron Scandal, true the executive got in trouble, Employees paid the ultimate price in loss of pension.
Martha Stewart was accused of insider trading. Got in trouble for perjury. Now there are more strict rules for stock trading. Now everyone pays with more strict rules
Global Crossing, Adelphia, and Enron were all riddled with scandals. The rest of the companies pay with more strict SEC rules on reporting financials
Lockheed, and Boeing have had ethics violations, the rest of the employees pay with training. A few bad apples forces everyone else to pay.
Companies declare bankruptcy. Delta, United, American etc. Corporate executive get a bonus for completing restructing of the company. Creditors, and employees that had interest in the old company pays the ultimate price, i.e loss of pensions, medical benefits, wage cuts etc.
In the 80's Micheal Milken gets convicted for junk bond violations. Everyone else pays, because rules for handling junk bonds in the market become more strict.
Of course the latest scandal is the HP Spying scandal. Because of the spying scandal the term called "pretexting" has been brought into the spotlight. As a result of the spying scandal, now there are tighter control within the corporation. There are also laws in place to criminalize pretexting. The people that suffer are the victims where their privacy rights were violated.
Moral of the story corporate executive get greedy, break the law, EVERYBODY else pays.
tags: HP Scandal, Adelphia Scandal, Enron Scandal, Global Crossing Scandal, Delta Airlines Bankruptcy, American Airlines Bankruptcy, United Airlines Bankruptcy
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