Crooks in charge

CanadianHeadHunter asks:

Do you work for crooks? Is your company about to explode (or implode) in an Enron/Worldcom like scandal? "Gee how the heck should I know?" You are probably asking.

In his post, he summarizes an article by The Atlantic Online about the Boston Consulting Group’s study that analyzed the companies responsible for twenty-five of the largest corporate frauds since 1996. A couple quotes:

Compared with their clean competitors, "fraud firms" offered their CEOs eight times as much stock-based pay and set corporate performance targets 250 percent higher.

The median fraud firm lost 40 percent of its value in the year before its actions came to light. (One wonders who was selling ....)

Read the complete post by CanadianHeadHunder here.

Hat tip to Blogan for the link.