[LINK] bin Laden is dead - It's the CEO's Fault

[Tom Koltai]

> -----Original Message-----
> From: link-bounces at mailman.anu.edu.au 
> [mailto:link-bounces at mailman.anu.edu.au] On Behalf Of Frank O'Connor
> Sent: Tuesday, 3 May 2011 7:22 PM
> To: Kim Holburn
> Cc: Link list
> Subject: Re: [LINK] bin Laden is dead
> 
> 
> You've never heard of 'conspiracy' obviously. It's where multiple 
> parties get together to commit crimes.
> 
> He ran and funded AQ ... he was the CEO if you like ... and AQ has 
> numerous atrocities to its credit. But of course, given your respect 
> for the legalities, everyone knows that a CEO isn't responsible or 
> accountable for anything.
> 
<SNIP>

Sorry Frank. I have to whoa you there.

I have empirical proof that under Australian law, the CEO is responsible
for everything.

Example 1.
Eight months after the CEO left a company, it was the shareholders who
appointed 
their family accountant as the administrator.
The administrator then sold of the assets in a private deal to the
largest Debtor 
(yes that's right, the company went down because a customer didn't pay
his bills 
and that customer got to buy the $2 million assets in a fire sale for
less than 250K.)
But the Shareholder received stock in the Debtors publicly listed
company....

Consequently, the company couldn't pay all it's creditors.

According to ACCC, the CEO's fault, even though when the CEO left, the
company was billing 
Almost a million per month and all the debtors were paying within thirty
days or the CEO turned them off.

I have many more examples, but consider one is sufficient to prove
exception.


So according to the Rules, the CEO is responsible for everything, even
if he wasn't there.

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