Huckleberries Online

SM: One’s A Crook, One’s A Manager?

Posted by DFO

Feb. 5, 2009 5:15 p.m. • 9 comments

In our local paper there was an article about how a young woman had taken some money from the employers she worked for. She is alleged to have taken the money for personal reasons. So she has been charged with embezzlement. And she will go to jail for this, if proven. Which from the article it looks pretty much given, as she has confess to taking the money. In New York, and other larger cities, we have employee’s of different titles of CEO’s who have taken money from the company and the US government, used it for hundred of thousands, for remodel of bathroom (waste basket cost $1,500) and another redid his office, another gave bonuses to his fellow employees and etc. This is called “mismanagement of company funds” and there is no jail time for such things/Cis, From A Simple Mind. More here.

Question: Can someone explain to Simple Mind what’s the difference between the embezzler and the well-rewarded CEOs who robbed from their companies and the government?

Nine comments on this post so far. Add yours!

JamesBond on February 05 at 6:52 p.m.
One is a crime, the other may be an irresponsible breach of fiduciary duty and/or plain irresponsible.

Al Gore jetting around the world, living in a mansion, and making millions off of his “global warming” scam, employing populist techniques while simultaneously dressed in designer suits, would be another great example of something silly and frivolous, yet not criminal.

Please alert me when we don’t have a Tax Cheat in charge of the IRS. As each day goes by, I am growing more and more uncomfortable with my vote for President and the direction this country has taken.
hhuseland on February 05 at 7:38 p.m.
I was going to comment, but James nailed it all.
Escapee on February 05 at 9:01 p.m.
I have no idea how Ultimately Effective President Obama will be concerning the Financial Thing. It does sound rather strange that bigwigs of Financial Instutions have had their salaries capped at FIVE HUNDRED THOUSAND dollars a year. Gosh, I hope they can manage on that paltry sum! I’m not uncomfortable with Obama yet. (“Yet” with a capital ‘Y’.) Certainly I’d rather have him in the White House than Dubya-Bush. I’m taking a ‘wait and see’ approach to all of this. But I’m getting jittery. Come on, Mr. Prezz…give ‘em hell!
thawtfulreader on February 05 at 11:32 p.m.
“explain to Simple Mind what’s the difference between the embezzler and the well-rewarded CEOs who robbed from their companies and the government?”

The assets of the CEOs allow them too take advantage of their shrewd, well paid lawyers and enjoy the best justice money can buy. The small time embezzler, while doing wrong as well, cannot afford such “justice”.
JamesBond on February 06 at 8:34 a.m.
For the record, I certainly have no issue with “bailout dollars” (assuming we have to have them or do have them) coming with strings attached; namely that the money be used for operations and not compensation beyond some minimal level.

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About this blog

D.F. Oliveria is a columnist and blogger for The Spokesman-Review. Huckleberries Online was judged the best 2008 Idaho newspaper blog by the Idaho Press Club. And the best 2007 news blog in the Pacific Northwest by the Society for Professional Journalist. Print Huckleberries is a past winner of the Herb Caen Memorial Column contest by the National Association of Newspaper Columnists. The Readership Institute of Northwestern University cited this blog as a good example of online community journalism.