Greed & Grief

July 20, 2007

Greed, that’s what makes a lot of people tick. Sure, everyone is greedy. I mean even the godly saints themselves are greedy. But for most of us, there is a limit to our greed. However, some people take it to the extremes. I mean really extreme. And worse, these greedy people’s action affects everyone around them and gets them into trouble. You may ask why I am saying this. Well, I had just faced this situation. One of my company’s directors stole money from the company and we are all affected by it. It has gotten so bad that I am sure the company will close down completely and a lot of heads will roll. It has already closed partially.

And the funniest thing, the person stole like hundreds of millions of dollars over several years (that’s what rumours are saying). What is the person going to do with so much money? I mean, it’s not like you are going to be able to spend that much money if you have to hide eveyday from the law right? I believe that the director has fled overseas but still, stealing so much money will bound to attract attention from the law( and greedy criminals) in the other country as well. So what’s the point?

And the effect on those in the company and related to the company is terrible. And the high ranking bank officials who have approved loaning money to the company will certainly be affected as well. I am sure that they will be forced to resign or they will be demoted. Furthermore, everyone in the company is in low spirits and very worried. Even the rest of the directors are hauled up to the police for questioning and I am sure that they are very worried too. Who won’t be? I am sure being questoned by the police is not something someone is being used to. You can’t concentrate if you have this kind of thing hanging over your head, right? It’s also so very depressing.

I wonder why those auditors who had audited my company for years weren’t hauled up for questioning? I mean, since the auditors is “supposed” to have been doing this for years, shouldn’t it be already been discovered a long time ago by these highly paid auditors? Why blame the directors for not doing their job when it is supposed to be the job of the auditors and their big auditing companies to check companies for fraud? And I believe that one very high ranking senior auditor will sign off any completed auditing, so shouldn’t this be the correct person to be hauled up for questioning? Something is very wrong here if we let these people go scott-free. They are paid highly for a reason and if they are not responsible, then who is?

No comments yet.

No Comments »
Name:
Email:  
URL:   
Leave A Reply:

XHTML: You may use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>