Saturday, January 27, 2007
The Price of Leadership
So why did reading Mr. Clark’s letter give me such pause? Because it sounded to me like the words from a very decent man who had reached the point where he felt he had to give up. That the law written to manage the few had made Board participation so painful, unrewarding, and frustrating that it just wasn’t worth it any more. Life is too short.
Libertarian at 08824 said…
I’m not so sure that we need “laws”. (Or what the gang in washington produces, that some people call “laws” and “regulations”! Not to go off on a tangent but imho a law is something like gravity. Try a break it. Everything else is a watered down wanna be.)
Let’s examine the problem that they are claiming to solve. Enron, and its ilk.
You and I both know that it is hard to get a job with enron on your resume. Do you think that the mucky mucks are going to work again in a position of trust? Nah.
I see the financial market as having solved that problem real quick.
We will always have con men with us. The market metes our a fast harsh discipline. And, the “laws” are powerless to do anything to prevent it.
And, if the government’s role is to protect us from aggression from without and within, (a job it does poorly), then throw thieves in the clink and let the rest of us fend for ourselves. We are anyway.
Did any one get restitution from enron? Nah. But the politicians made lots of speeches and did lot’s of posturing.
Every time the government “helps” us, we have unintended consequences.
Look at NOLA, WalMart’s trucks were turned away and FEMA handed out phone numbers. Argh! Why are we so stupid to believe in the tooth fairy, honest politicians, or government “help”?
We’d be better off left to the marketplace. At least your cited subject could still be in “his” business.
January 28, 2007 9:03 AM