Comment Re:HP - Great Name - Good Riddance (Score 5, Interesting) 288
I discovered the big problem in American business today: Executives can make big money by running a company aground. Enough money so that their grandchildren won't have to work.
Greenspan thought companies would self regulate. His mistake was subtle: He assumed that the leadership of the company needed the company to be healthy in order for the executives to prosper. But a new pattern emerged: executives could engage in behavior which could yield a multiple-lifetime supply of wealth by engaging in practices which ultimately destroyed the company.
And that's what happened to the financial sector in the US. And doubtless other companies which yield this particular prize.
I don't know what the common underlying reason is but this is the common symptom - being able to make the Big Score by running a company aground.