Monday, September 19, 2011

Why Bother To Run a Business?

Why bother to run a business when the federal government has a Bulls Eye on your back?

Example: There is a little-used federal anti-business law on the books. So why not use it during a deep recession when you say you’re creating jobs? And your deepest instincts are anti-business? No, the feds will tell you they’re not; they’re looking out for your interest.

The government passed the Food, Drug and Cosmetic Act in 1938, with a provision that authorized criminal action against corporate officers. No evidence was needed that an officer knew a crime was being committed. Being connected with the company at the top was the guilt.

You can see why this section of the law was not used, until the Obama administration got wind of it, with an eye on drug companies.

How many top execs are willing to put their personal wealth and liberty at risk , to run a company of thousands of employees, one of whose transgressions would put that CEO in jail? (See the Earl J Weinreb NewsHole® comments.)

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