I can’t help but wonder if anyone else sees a similarity between McDermott’s business model and Enron’s.
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So with today’s resignation. Did they run out of bonus money to give each other or did he need extra time to move to a country with no extradition treaty prior to the trial.
Firstly, Enron's Board of Directors failed to fulfil its fiduciary duties towards the corporation's shareholders. Secondly, the top executives of Enron were greedy and acted in their own self-interest.
So no difference really.
I believe that everybody in Enron got handsome bonuses while the company was sinking. In contrast, only the top management gets bonuses in McDermott in the same process.