Highlights of the Congressional Hearings

There seems to be a disturbing trend:

“Punishing individual corporate executives with public floggings like this may be a politically satisfying ritual — like an island tribe sacrificing a virgin to a grumbling volcano,” Rep. Tom Davis of Virginia said.

And later:

An investor advocate who also testified, Nell Minow of Corporate Library, appeared amused by Davis’ comparison of the hearing to a tribal sacrifice.
“These are not scapegoats and they are certainly not virgins,” she said.

Ouch.

Posted by on March 10th, 2008 at 7:08 am


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