It's Payback Time! (sort of)How the pendulum will swing. The scales of justice are finally coming into balance (no pun intended). Corporate crooks are finally getting theirs instead of just a tongue lashing and a golden handshake (with stock options).
Today's Enron decision convicting Skilling and Lay sets a precedent for corporate bosses that the buck stops with them and a severe warning to white collar crooks who think they can fudge the figures and get away with it. Of course we still haven't heard the sentencing phase of the proceedings so I will defer my final opinion until that time.
It will be of little comfort to all those employees who lost their shirts but at least it's a start in the right direction.
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