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Submission + - SPAM: The problem of shareholder value and agency theory 1

yuhong writes: Ghoshal wrote this paper about the fundamental flaws of shareholder value and agency theory just before he died. One of the fundemental flaws is that it assumes that managers are self-interested economic actors ("Economic Man") and the market is perfectly efficient (the "Efficient-Market Hypothesis"). The first one is particularly harmful, because through the process of double hermeneutic, it can lead people to behave more like that way. No wonder that "corporate CEOs — and sundry other people at the top of various food chains — are likely to be the least ethical people you're going to meet." (now of course the better big corporations like Google and Costco have more ethical CEOs, many of which do not believe in shareholder value or agency theory). Slashdot's own comments itself has many real-world examples of the harms of shareholder value, agency theory, and the quarterly earnings game. Other sources has been critical of it too.

Comment Backup Copy, Just In Case (Score -1) 888

In early march of 1995 I was arrested for "Unauthorized Use Of A Computer".

Three large, white, plain-clothes detectives from 52 division in downtown
toronto came to my house, promptly arrested me, took me to a holding
cell, and conducted a strip search (looking for codes I guess). I was
held in custody for four hours (7:30 pm to 11:30 pm), and released as a
result of substantial protest made by friends and family at the sergeants
desk.

I was being accused of breaking into the computer systems at the
University Of Toronto for the purpose of publishing "Anarchist
newsletters".

The sysadmin of ecf.utoronto.ca, one Professor Jack Gorrie
, saw someone on his system publishing Anarchist
materials, assumed I was a malicious "hacker", turned over all records of
my email, news posts, key strokes, you name it, to the police at 52
division. The police realizing how dangerous these "hacker anarchist"
types are, had to come to my house to cuff me, bring me down, and strip
search me.

All because I was using my brother and his friends' account. I was new to
the Internet, and naively felt I had freedom of speech.

Turns out that freedom, like freedom in the real world, must be
authorized. Although my brother and his friend had no problem with my
using the account, they of course are not the recognized "authorities".
Only Jack Gorrie , the system administrator, has
system authority. And good ole Jack, like many engineers, doens't like
Anarchists.

Instantly I learned the total lack of privacy (without encryption that
is) on the Internet, and the simplicity of complete electronic surveillance.

All my actions were turned over to the police, a stack of papers six
inches thick. And of course this was their copy to keep. ;)

I was to face trial for a possible six months in prison, just for
exercising my democratic rights and responsibilities.

Of course the end result was that the charges were dropped, although this
was not until several months later (sept 7, 95), after several
appearances in court, and after my agreeing to pay $400 to the skule.

But nevertheless, this incident was indicative of a lot of emerging
trends in our so-called information-highway:

1. What right do Sysadmins have in turning our shit over to the cops?

2. If there are "authorities" on the Internet, then clearly it's not an
example of anarchy, which of course implies no authorities.

3. Where does the role of democracy fall within the practice of
electronic surveillance? Did I have any rights in the first place?

4. Who enforces University regulations; the University? or the cops?

I could have raised a lot of shit by dropping this publicly months ago
when it was all going on, but to be honest I was scared shitless.
I didn't want to be a guinea-pig for a law that had yet to make it to a
court of law.
My life had been thrusted into the public realm, and I was desperate to
get it back.

Fortunately I have good friends and family, who knew a good activist
lawyer who was dedicated to keeping my ass clean.

It's also worth noting that my brother, who at the time was completing
his master's degree at an amerikkkan engineering lab was investigated by
the FBI, upon prompting by the Toronto police. The FBI obviously found
nothing wrong, but again, hastle where it should not have been.

I could go on ranting about many of the other socio-political
implications of these actions, but the purpose of this piece is merely to
inform.

Included in this message is a legal-summary of the case etc., written by
friends of mine in LoGIC (Legal group for the Internet in Canada). Any
other enquiries or what have you can be directed to me at jesse@lglobal.com

--Jesse Hirsh

Comment Re:I owe my employer absolutely nothing (Score -1) 280

Funny how almost everyone here is urging the soon-to-be-ex-employee to treat his employer honestly and fairly; while just a few articles ago almost everyone was chanting "call the BSA! Call the BSA! Call the BSA!" in response to someone's employer copying a few software discs. Hypocrites, the lot of you.

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