Wednesday, March 02, 2005
This week in corporate malfeasance (Evil doing; ill conduct. The commission of some act which is positively unlawful)
Hello gentle readers, today we will be introducing a new weekly column entitled "This week in corporate malfeasance." As many of you know, one of the basic tenants of American conservative philosophy is the basic concept that: 1. The government is evil corrupt and incompetent and; 2. Private industry can always do anything government can do better, faster and cheaper.
So this column will be dedicated to reminding people that Corporations are not always shining beacons of all that is good, right and just. Now I know that you may wonder how anyone could still believe that corporations are always good, right, moral and just after Enron, Adelphia Communications, AOL Timewarner, Arthur "shredder" Anderson, Bristol-Myers Squibb, CMS Energy, Duke Energy, Dynegy, El Paso, Global Crossing, Halliburton, Homestore.com, Kmart, Merck, Mirant, Nicor Energy LLC, Peregrine Systems, Qwest Communications International, Reliant Energy, Tyco, Worldcom, and Xerox, have all been accused of accounting malfeasance since 2000. But remember that we are attacking a basic tenant of American Conservative Philosophy, which almost always insists that government is bad, privatization is good.
For a fully detailed listing of these scandals see that leftist rag Forbes at:
http://www.forbes.com/2002/07/25/accountingtracker.html
Our first winner for This Week in Corporate Malfeasance is ChoicePoint.
ChoicePoint, based outside Atlanta, has 19 billion public records that include motor vehicle registrations, license and deed transfers, military records, addresses and Social Security numbers.
The company acknowledged last month that thieves used previously stolen identities to create what appeared to be legitimate businesses seeking personal records. Due in large part to the negligence of Choicepoint, the bandits, who operated undetected for more than a year, then opened up 50 accounts and received vast amounts of data on consumers, including their credit reports.
The latest case became public as a result of a California law that requires credit agencies to notify victims of identity theft. ChoicePoint said the breach affected nearly 145,000 people nationwide, including more than 34,000 in California.
The interesting point of this case is that the "good wise and just" corporation that allowed identity thieves to operate undetected for more than a year only disclosed the identity theft because of a California Law – enacted by you guessed it…. The evil government.
So this column will be dedicated to reminding people that Corporations are not always shining beacons of all that is good, right and just. Now I know that you may wonder how anyone could still believe that corporations are always good, right, moral and just after Enron, Adelphia Communications, AOL Timewarner, Arthur "shredder" Anderson, Bristol-Myers Squibb, CMS Energy, Duke Energy, Dynegy, El Paso, Global Crossing, Halliburton, Homestore.com, Kmart, Merck, Mirant, Nicor Energy LLC, Peregrine Systems, Qwest Communications International, Reliant Energy, Tyco, Worldcom, and Xerox, have all been accused of accounting malfeasance since 2000. But remember that we are attacking a basic tenant of American Conservative Philosophy, which almost always insists that government is bad, privatization is good.
For a fully detailed listing of these scandals see that leftist rag Forbes at:
http://www.forbes.com/2002/07/25/accountingtracker.html
Our first winner for This Week in Corporate Malfeasance is ChoicePoint.
ChoicePoint, based outside Atlanta, has 19 billion public records that include motor vehicle registrations, license and deed transfers, military records, addresses and Social Security numbers.
The company acknowledged last month that thieves used previously stolen identities to create what appeared to be legitimate businesses seeking personal records. Due in large part to the negligence of Choicepoint, the bandits, who operated undetected for more than a year, then opened up 50 accounts and received vast amounts of data on consumers, including their credit reports.
The latest case became public as a result of a California law that requires credit agencies to notify victims of identity theft. ChoicePoint said the breach affected nearly 145,000 people nationwide, including more than 34,000 in California.
The interesting point of this case is that the "good wise and just" corporation that allowed identity thieves to operate undetected for more than a year only disclosed the identity theft because of a California Law – enacted by you guessed it…. The evil government.
# posted by The Punisher @ Wednesday, March 02, 2005 
