Hey Danno,
I think you hit on something here. It seems to me what Ray did as an officer of a publicly traded company has been and will be in a lot of way commen practice with companies today.
There are examples all around us Enron, Madoff, etc.etc and even those cases there were people just like Goldrusher that threw up the red flags.
The commen theme with all these examples is the investors and greed and willingness to be dupt in exchane for that pot of gold. It has been said that in some way we the investors create these individuals with unreasonble demands on them to creat shareholder value.
Even Microsoft when they came out with Vista. If you followed their statements and advertising you would and could say it was a scam. Hell I know it cost my little company $1000's of dollars.
Not to say what Ray did was not wrong, but to say it was evil is odd to me. because it seems to as investors we are part of the problem as well.
Anyhow just a thought, a little off topic and not an excuse for Ray. Just a statment on the general condition of things.
PS. I saw something on the news the other night about some type of new investment that let fund managers claim the life insurance policies of the old people in the world. I guess from what I understand of it, it something like a reverse mortgage for old people. The investor pays into a fund that pays the old person cash againt their life insurance policy on a monthly basis in exchange the old person puts the fund as the sole beneficerary of their say $250,000.00 policy. When they kick it the money gets put into the fund.
How sick is this, next we will hear how fund managers are killing old people to improve shareholder value in their funds. And we think what Ray did was evil. This has evil written all over it.
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