Turkeys can't fly.....

My definition of Corporate Turkeys? These are the people who cause the downfall of great corporations such as Enron, Arthur Andersen, Tyco, WorldCom etc. They are financial shenanigans - financial parasites. These "Turkeys" think they can fly like eagles and if they tell themselves enough number of times, they will not only convince themselves but also the public at large.

No, they are not stupid...most of them are sophisticated and well-educated business men who are blinded by money and lost their way. Corporate Turkeys are people who are smart enough to manipulate rules in their favour but foolish enough not to figure out what those rules are for.

Here is my theory. Corporate scandals nowadays are, by far, more juicy than any other stories. Sex sells but in my view, not as much as books on finance, day-traders, fund managers, stock speculation and books like "How I make a Million Dollars in the stock market". Disagree? Walk into any medium to large size bookstores and you will see what are the featured books. And because of this heighten public interests in personal finance (i.e how to retire rich), it is so much easier for fund managers to lure unsophisticated people on the street into the stock market dungeon. When all these monies keep pouring into the stock market, bubble will burst, which invariably lead to corporate scandals being discovered.

You see, it is always easier to spend other people's money than your own. If one owns 100% of the company, every cent that you spend literally comes from your own pocket. When one owns only 30% or less of the company, every dollar you spend, 70 cents or more belong to other people. It is only human for most Corporate Turkeys to have this mentality. Because of this mentality, Corporate Turkeys believe that they have god's given right to abuse every ounce of their corporate power. It is just too tempting for Corporate Turkeys.....Corporate Turkeys can't resist putting other people's money into their pockets - the easy way.