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Schafer: The reason companies never tell us they're sorry

Article by: LEE SCHAFER , Star Tribune
Updated: December 15, 2012 - 8:52 PM

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trice01Dec. 16, 12 6:51 AM

All morality aside, the fact remains that a corporate officer who knowingly makes a statement that will certainly cost their organization millions if not billions of dollars is acting irresponsibly in regard to their duty to protect shareholders' assets. It's the same reason that many other officials decline to publicly take responsibility. As long as we know that any admission will bring lawyers rushing in like piranhas looking for a payday, it will remain so. The price of honesty is too high in our society. We can thank the ambulance chasers.

melloncollieDec. 16, 12 8:38 AM

No big deal. When I hear a politician admit they are wrong or lied I will care.

dahdahDec. 16, 12 9:29 AM

This article brings to mind a documentary about corporations that was shown a few years ago. The director interviewed psychiatrists and asked them to diagnose typical corporate behavior. As you can guess, the doctors diagnosed the corporate "person" as suffering form major personalty disorders & neuroses. Had they been a real person, not a legal construct, they would be taking multiple meds multiple times a day. I regret that I don't recall the name of this movie---can any other viewer help?

boris123Dec. 16, 12 9:58 AM

It is not the lawyers but their "clients" who are the bloodsuckers looking for any opportunity to suck blood. If a company has managers making bad decisions the market will make efficient and severe corrections. If managers make illegal decisions the criminal justice system takes action. If managers make any comments that can be used in civil trial the blood suckers will find lawyers to use the legal system to create action with the intent to make it cost less to settle than to litigate. It the people look in the mirror) hiring the lawyers who are the parasites.