alt Hacker News>Why is union-related collective ruin anathema, but elite-driven ruin is seen as an acceptable price to pay? Enron, the Great Recession, etc.
What are you talking about? Multiple people were convicted over the Enron scandal, including some serious prison terms.
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The longest time an enron CEO spent behind bars was 12 years. Richard DeLisi was sentenced to 90 years for a nonviolent marijuana charge and spent over 30 behind bars before being pardoned. Kind of puts "serious" prison terms in perspective.
> What are you talking about?
I am pointing out that some commenters here are grading Unions and CEOs on different curves on the issue of negative outcomes, and the alleged union bogeyman is a frequent occurrence at ununionized organizations.
> Multiple people were convicted over the Enron scandal, including some serious prison terms.
That is great, and should have been a deterrent for more ruinous shenanigans. Which CEOs got arrested for the subprime mortgage heists that triggered the 2008 GFC? The GFC made Enron look like jaywalking, I'm sure dozens of executive received life sentences and entire banks shuttered for their malfeasance and lack of internal controls. Right?
Who got convicted over Sears, KMart, and Toy's R Us? How about the slap on the wrist for the Sacklers for supercharging to opioid epidemic? What happened the the CEOs of GE from Jack Welsh on who steered the company on into the ground primarily through layoffs and cut-throat business management?
There's plenty of examples of business owners driving a company into the ground to personally enrich themselves.