Still gets me. Love Rands Works. Didn't vote. In the end who cares what Kenneth Lay is. He doesn't matter. But this comparison can be made.
Hank Rearden is to J Paul Getty as Kenneth Lay is to Dr. "Good and Evil don't exist" Pricthert. Some things Kenneth Lay did are not against the law, some of them were shrewed. But A company that does nothing but invest in futures and owns one pipeline can't last forever. It was stagnat, had no oil itself and was traiding for billions of dollars and the Pipeline itself would probably only fetch $100,000,000.00 Maybe. But even none of this matters. What does Matter is that from now on.
THE GOVERNMENT WILL TAKE MORE FREEDOM (PRIVACY) AWAY FROM ALL Corporations. And that is wrong.
IN THE BEGINNING Corporations didn't have to file SEC reports, They didn't have to tell the public anything at all. Now what you got is worse, and maybe responsible for the use of language that is ambigious by large corporations, the pie in the sky BULLSHIT that is put on many SEC fillings is funny. And it does more damage then not saying anything. Because then the Stock buying public doesn't have to see for themselves what a company is all about. They just look at those SEC reports and what little ability they have to judge a company for solidness and ability to create things and wealth is not even used. I just have a hard time feeling sympathetic about this whole thing. Instead of taking away more corporate freedom they need to invent ways for the Employed to squirrel away money in other investments.
Benjamin