joewolf, you make some theoretically sound statements. Unfortunately I don't think I've ever encountered a speculative that satisfies all your points. It's just not a real world scenario in the arena of public ASX-listed companies. It's just not as you desire a simple pathway and set of rules to business success. Business success, particularly in the high-tech arena, is all about trial and error, and that includes ethics and culture. In my experience most companies with what I would consider, based on my own measurement, a satisfactory level of ethics and culture don't survive. That's been hard for me to take in over time but it's a dog eat dog world and you often have to butter the right people to become successful. I ran a successful private business for many years but I know in my heart that if I succumbed to a lower standard of ethics that I myself would have been far, far more successful in terms of monetary gain (fortunately I don't equate success with just money). It's just the way it is. Many crooks are very successful in business life. These are just general comments, I am not specifically making judgement of directors of any companies.
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