Security Basics mailing list archives
Re: Fwd: Why suing auditors won't solve the data breach epidemic
From: Jeffrey Walton <noloader () gmail com>
Date: Wed, 24 Jun 2009 13:17:32 -0400
But then again, I really don't know what I am talking about ;)
Neither do I. If I were that smart, I would have went to Harvard for an MBA - its a license to steal :) Jeff On 6/23/09, Nick Vaernhoej <nick.vaernhoej () capitalcardservices com> wrote:
Jeff, Oh I doubt there are anyone left on the planet not aware of standard bonus practice here. But I hope it is also apparent at this point that the solution doesn't scale. Starting out a new business model along the same standards seems like a bad idea to me. But then again, I really don't know what I am talking about ;) Nick -> -----Original Message----- -> From: Jeffrey Walton -> Sent: Tuesday, June 23, 2009 12:10 PM -> Subject: Re: Fwd: Why suing auditors won't solve the data breach -> epidemic -> -> Hi Nick, -> -> Standard practice in the US. For a 1 trillion dollar example, look at -> the US financial industry. Some companies were run into the ground. -> Amazingly, their executives took performance and retention bonus for a -> job well done. -> -> The only folks who should have received a bonus in the fiasco were the -> CFOs since they managed to get bailout money (ie, TARP) from the US -> Congress with very few strings attached. The CFOs should have received -> an even larger bonus when they managed to keep their bonuses (only new -> executives do not qualify [1]) . -> -> Jeff -> -> [1] Public Law 110-343, Section 111, 'EXECUTIVE COMPENSATION AND -> CORPORATE GOVERNANCE' [SNIP]
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Current thread:
- Fwd: Why suing auditors won't solve the data breach epidemic Jeffrey Walton (Jun 22)
- Re: Fwd: Why suing auditors won't solve the data breach epidemic Barry Fawthrop (Jun 22)
- RE: Fwd: Why suing auditors won't solve the data breach epidemic Nick Vaernhoej (Jun 23)
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- RE: Fwd: Why suing auditors won't solve the data breach epidemic Nick Vaernhoej (Jun 24)
- Re: Fwd: Why suing auditors won't solve the data breach epidemic Jeffrey Walton (Jun 24)
- RE: Fwd: Why suing auditors won't solve the data breach epidemic Nick Vaernhoej (Jun 23)
- Re: Fwd: Why suing auditors won't solve the data breach epidemic Barry Fawthrop (Jun 22)