Friday, January 16, 2004

Initialization Pains

Aidan spotlights a key misconception in this new USA deal. Suspending the business judgment rule eliminated the need to appeal to management to make ethical choices. Management attitude has been taken out of the equation. Management can assert what it wishes - as long as it provides a scrutable evidence-laden trail to irrefutable primitive data. If the logic holds water, the assertions could be made by a convict. If the logic doesn't make the audit, the assertions could be made by Mother Theresa and she goes to jail. This is a shift in kind, not amount. What matters is objectivity and facts. Resumes and reputations, any kind, no longer have value. Stay tuned for this asteroid impact. The hierarchical species is in peril!