GiddyGap@lemm.ee to politics @lemmy.world · 6 months agoCompanies Targeted For Pride Support Last Year Go Quiet On Social Media In 2024www.forbes.comexternal-linkmessage-square68fedilinkarrow-up1373arrow-down16
arrow-up1367arrow-down1external-linkCompanies Targeted For Pride Support Last Year Go Quiet On Social Media In 2024www.forbes.comGiddyGap@lemm.ee to politics @lemmy.world · 6 months agomessage-square68fedilink
minus-squareMagicShel@programming.devlinkfedilinkarrow-up30·6 months ago no one has ever been found guilty of failing to fulfill fiduciary duty For as big a deal as is made of this by investment advisors and similar roles, this is shocking to read.
minus-squareApostleO@startrek.websitelinkfedilinkarrow-up7arrow-down1·6 months agoThat must be hyperbole, right? Like… The Enron guys at least, right?
minus-squareMagicShel@programming.devlinkfedilinkarrow-up3arrow-down1·6 months agoA quick search suggests Enron and Bernie Madoff are a couple of examples of conviction, but maybe there are nuances I’m not familiar with.
minus-squareEmpricorn@feddit.nllinkfedilinkEnglisharrow-up6·6 months agoThose… are examples of straight-up fraud. Of course that’s illegal.
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up13·edit-26 months agoMadoff was straight up ponzi scheme fraud, not profit maximisation. Enron guys were fraudulently booking future possible revenues as certainties. Deliberate illegal misrepresentation is very different from making a (possibly) sub optimal business decision.
For as big a deal as is made of this by investment advisors and similar roles, this is shocking to read.
That must be hyperbole, right?
Like… The Enron guys at least, right?
A quick search suggests Enron and Bernie Madoff are a couple of examples of conviction, but maybe there are nuances I’m not familiar with.
Those… are examples of straight-up fraud. Of course that’s illegal.
Madoff was straight up ponzi scheme fraud, not profit maximisation.
Enron guys were fraudulently booking future possible revenues as certainties.
Deliberate illegal misrepresentation is very different from making a (possibly) sub optimal business decision.