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Samsung Verdict Jolts South Korea

Five-year sentence rattles chaebol model
8/25/2017 01:01 PM EDT
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dt_hayden
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Re: Corporate executives...
dt_hayden   8/28/2017 4:36:14 PM
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We could probably benefit from a little of both.

I have not heard much, at least at the national level, of industry/political crimes.  Legal influence peddling via campaign contributions and legal investing by politicians & family with insider info avoid the crime aspect.  An uninformed and/or disinterested public allows that activity to continue. 

 

sranje
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Corporate executives...
sranje   8/28/2017 1:39:27 PM
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Hi DT-Hayden -- jailing corporate executives or -- jailing US Congressmen and Senators ??   ;-))

dt_hayden
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About time
dt_hayden   8/28/2017 10:01:43 AM
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About time some corporate executives are made to serve time.  Way too often in the USA, illegal behavior is dealt with with company paid fines (right out of the shareholders pockets) and "no acknowledgement of wrongdoing".  I am awaiting my latest read on exactly this sublect "The Chickensh*t Club:  Why the Justice Department Fails to Prosecute Executives"

https://www.amazon.com/gp/product/1501121367

resistion
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One has to wonder...
resistion   8/26/2017 4:58:07 AM
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One has to wonder how much of Samsung's recent successes stem from the bribes by these strategy-deciding executives. The bribes must have gotten Samsung something.

Bert22306
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Kind of hypocritical
Bert22306   8/25/2017 7:09:35 PM
The idea that a government has to "send a message" that bribery is illegal, by sending the bribe giver to jail, instead of focusing their efforts on the government official(s) taking the bribe, is hypocritical, in my view. It's a bit like the case where one's spouse cheats. Who do you take it out on? The person cheating with your spouse? Not really. The blame goes to your spouse and usually yourself too, and nowhere else. That other individual is just a bystander opportunist, really of no importance.

Or look at it this way. In a democracy, and South Korea is one, the people, meaning the bosses of the government, have entrusted government officials to work on their behalf, and to do the right thing. The people have not placed their votes and their trust on any corporate exec. The people's trust is violated by the crooked government officials, not so much by some outsider opportunist.

Governments that "want to send a clear message" should look internally first and foremost, and punish accordingly. The REAL CROOKS are those who don't live up to their oath of office (oath to the people). Not that opportunist out there, looking for an angle, whose only job is to make big profits for his shareholders.

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