Wednesday, June 29, 2005

Money Walks

Richard Scrushy officially joins OJ and Michael Jackson instead of Bernie Ebbers and and Dennis Kozlowski.

Apparently unable to parse the complexities of the case, the hometown Birmingham jury sympathized with the rich white local boy who has done so much for the community. The simple fact that five (count 'em, 5) former CFO's pled guilty to fraud and testified against their boss, wasn't considered enough of a pattern to implicate the guy who hired and supervised them.

How could they sort through the mounds of evidence of Sarbanes-Oxley violations, when the jury can't even keep the fundamentals straight? As one juror is reported to have said after the verdict, "The smoking gun wasn't pointing toward Mr. Scrushy."

Of course not. The perpetrator was too smart to shoot himself.


Blogger Xavier and Peter said...

They probably thought the devil was in the details, and he just wasn't a "details man" - or he just delegated everything and it's all the CFOs' fault. But doesn't a fish rot from the head?

6:13 AM  

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