Reply to post: Re: Effectively unstoppable

'Fake CEO' Chinese chap cuffed in $54m fraud probe

Mark 85

Re: Effectively unstoppable

I think FACC took effective action and would hope others follow suit. Firing the CEO and the CFO for allowing one person to control payments is the logical result. Down in the trenches, it takes an Act of God for the troops to spend money on hardware or software, but upper manglement has no oversight. If other companies started doing this (firing) perhaps the rest of the business world would take note and follow along. It might even set some industry standards....

But.... we also know that upper manglement always feels that they can do no wrong and having the ability to shift funds is their providence and a sign that they are the top dog.

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