Something That Makes Sense! Finally!

[stubeeef]

CEO greed, gone wild and unchecked. A tribute to the late 90's, and after one trial ended with a hung jury. After 11 days, this jury came in and came it big.

These thiefs need the max sentence, and then send in a few more right behind them. And not into minimum security, but "federal, pound me in the @$$ prison." (officespace)

If I wasn't on a major diet, I would open a bottle of good champaign and celebrate something going right in this wacky world.
ChainLink

NEW YORK (Reuters) - Former Tyco International Ltd. (NYSE:TYC - news) Chief Executive Dennis Kozlowski and finance chief Mark Swartz were found guilty on Friday of stealing more than $150 million, giving prosecutors pursuing the recent wave of corporate scandals one of their biggest victories to date.

Kozlowski, 58, and Swartz, 44, were each found guilty of 22 counts of grand larceny, conspiracy, fraud and falsifying business records. Both former executives were found not guilty on one charge of falsifying documents.

The two were grim-faced but stoic as the convictions were read. Kozlowski's wife had tears in her eyes.

Both men could be sentenced to 25 years in a state prison on the most serious charge of grand larceny. Judge Michael Obus set a follow-up hearing for Aug. 2 to discuss sentencing.

Besides accusations of stealing more than $150 million in secretly forgiven loans and undeserved bonuses, Kozlowski and Swartz also were accused of defrauding shareholders by selling $575 million in Tyco stock while misrepresenting the company's finances.

 

[dejo]

Separated at birth?

 

[CorvusCamenarum]

I caught this on NPR driving home with my girlfriend today. What I found particularly interesting in the report was the fact that one side (don't remember which offhand) had every potential juror with a college degree or any business experience excluded from sitting. A second point of interest was that the first trial ended in mistrial due to a threat made against one of those jurors.

I'm also reminded of the movie Trading Spaces, where Eddie Murphy's character says something to the effect of realizing that the best way to get back at rich people is by turning them into poor people.

 

[MongoTheGeek]

I caught this on NPR driving home with my girlfriend today. What I found particularly interesting in the report was the fact that one side (don't remember which offhand) had every potential juror with a college degree or any business experience excluded from sitting. A second point of interest was that the first trial ended in mistrial due to a threat made against one of those jurors.

I wonder if its grounds for appeals?

I'm also reminded of the movie Trading Spaces, where Eddie Murphy's character says something to the effect of realizing that the best way to get back at rich people is by turning them into poor people.

One of my favorite movies, (did you catch the Ralph Bellamy, Don Amache cameo in Coming to America)

These people and a bunch of others need to go the PMITA prison. They did it to us metaphorically. Time they got it literally.

 

[CorvusCamenarum]

I wonder if its grounds for appeals?

Granted, it's kinda late and all, but if memory serves, they were all peremptory challenges. For those of you playing along at home who have never seen an episode of Law & Order, a peremptory challenge does not require giving a reason for dismissal. This differs from a challenge for cause, an example of which being if Jermaine had turned up on Jacko's jury list. That being said, you cannot routinely exclude all jurors on the basis of race, etc. So to answer your question, I would think not. Level of education is not a "protected" class. Litigators generally like stupid juries. They're easier to confuse. I forget who said (I think it was Mark Twain), "a jury is twelve people chosen to decide which party has the better lawyer" (or something like that).

One of my favorite movies, (did you catch the Ralph Bellamy, Don Amache cameo in Coming to America)

"Mortimer...we're back!"

 

[MikeTheC]

There also was an interesting article on Dateline NBC regarding the absurd pay that Indians are getting for what's sold in the U.S.

All of this is stuff I think that companies should NEVER, EVER DO and that company executives should be shoved in Federal Prision for doing. Heck, maybe they should be shot instead, after all, why waste taxpayer dollars housing and feeding scum like this?

</vent>
</soapbox>

For those of you international participants here, please understand that not all of us Americans are slovering, greedy bastards who want to drive our fellow humans into the ground at any cost.

 

[GFLPraxis]

Separated at birth?

One of these guys is Steve Ballmer. Which one?

 

[Mr. Anderson]

These guys got too greedy, but you know that it happens everywhere - they probably would have gone undetected if they hadn't got carried away. $1 million for a party?!?! That's just asking for trouble.

D

 

[stubeeef]

$1 million for a party?!?! That's just asking for trouble.D

If I remember right it was 2 million!

 

[rickvanr]

One of these guys is Steve Ballmer. Which one?

The top one, I'm quite sure atleast.