Tuesday, September 20, 2005

Red Letter Day

I believe that a lot of good was done today in New York. Dennis Kozlowski, the former CEO of Tyco, was sentenced to prison for a long time. This was no "club fed" slap on the wrist. I don't think he's going to be joining Chuck Colson's prayer group any time soon. In fact, a lot of elites are complaining about the severity of the sentence. Why, they ask, is a harmless white collar criminal being treated worse than a brutal street thug?

The answer is that the thug is doing retail what Kozlowski was doing wholesale. This guy was not Henry Ford or Thomas Edison. He was not creating wealth and making innovative breakthroughs. He was not taking great business risks for a greater business payoff. He was gaming the system in order to feed his unchecked appetites. I suspect, if you were a fly on his shoulder, you would have seen and heard many unsavory things. I have stated before that I believe the misuse of large sums of money is one of the greatest crimes. Saddam probably killed as many Iraqis with his corruption as with his weapons.

9/20/2005 11:34 PM

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At Wednesday, September 21, 2005 3:20:00 PM, Blogger mal said...

In view of the "New Robber Barons" (upcoming post) I am glad to see a Kozlowski get what is deserved. Somewhere along the way he forgot that the business they headed was not thiers, but belonged to a lot of other people and he was responsible to them first

Maybe some others will take notice


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