Friday, 05 September 2008
A case for bringing back flogging
New slogan at Citibank:
From the comments at Consumerist, a comparison:
Consumerist story:
Via: Techdirt
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New slogan at Citibank:
“Stealing from our customers is a business decision, not a legal decision.â€That quote is not made up. Neither is this one:
The same executive later said that the sweep program could not be stopped because it would reduce the executive bonus pool.
From the comments at Consumerist, a comparison:
Becky Schafer steals $3.3 million from Citibank. Her punishment? 38 months in prison.Ain’t it great to know that an M.B.A. + corporation = Get-out-of-Jail card! Maybe we should bring back flogging.
Carlos Gomez steals $47 million from Citibank. his punishment? 55 months in prison.
Ronald Fisher steals $14 million from Citibank. his punishment? 63 months in prison
Citibank steals $14 million from their customers. Their punishment? They have to pay interest.[1]
Consumerist story:
Via: Techdirt
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[1] 10%, to the victims. And $3.5 million penalties to the state of California. No agreement to discipline the executives involved. Chicken feed.
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