I should address the other error here, too.

When an organization produces a culture that encourages or allows a Kevin Clinesmith to blatantly do ...

If there were a culture encouraging Clinesmith, there would be a whole lot more cases of people being charged with lying to the court. As in any organization with tens of thousands of employees, not all are going to follow the rules. And a few of those will break them in extraordinary ways. Clinesmith was one of those people. One person going rouge is not an condemnation of the entire system or culture.

And, as has been pointed out more than once, he got caught, charged, tried, and convicted. All of the leg work to find the facts and develop the case against Clinesmith was done by civil services in roughly the same job that Clinesmith had. That sounds like the system working pretty well to me.

--Peter

Mechanical Investing FAQ

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