Never pass up a chance to sit down or relieve yourself. -old Apache saying

Friday, June 25, 2010

CEO to jail

See? Some CEO's DO get sent to jail.

But, do you see this guys error? He tried this manipulation so that the EMPLOYEES could get greater compensation. Idiot! You don't help the little guys! You ONLY help the big dogs! To JAIL with him! (Plus, he's Hispanic!)

Meanwhile, the CEO's of Goldman, Chase, etc, get millions in bonuses while they create hardship for millions. More BONUSES for them!

Justice is broken.


Former CEO of Brocade gets prison time

SAN FRANCISCO - A federal judge on Thursday sentenced Brocade Communications' former CEO to 1½ years in prison for failing to disclose - and then covering up - a plan to alter the date of stock option grants so employees could reap greater compensation.

U.S. District Judge Charles Breyer also fined Gregory Reyes $15 million. Reyes is to report to prison Sept. 10. Reyes' lawyers said he is considering an appeal of his March conviction.

Reyes stood up to read a prepared statement, but he began crying so hard that his lawyer had to do it.

The statement apologized to Reyes' family and friends for the emotional toll his case has taken on them.

original is here.

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He's always watching

He's always watching