ENFORCEMENT PROCEEDINGS – SEC Charges Affiliated C...

2010-10-03T23:16:50.270-05:00

ENFORCEMENT PROCEEDINGS – SEC Charges Affiliated Computer Services, Inc. With Stock Options Backdating and False Disclosures:
“The SEC’s complaint, filed in federal district court in Washington, D.C., alleges that from 1995 to 2006, ACS engaged in a fraudulent and deceptive scheme to provide executives and other employees with undisclosed compensation.”
Above is a part of a recent into ACS.

Seriously folks let’s get real.
Public officials are supposed to be trustees of the commonweal, not political
buccaneers seeking their own private gain. But sometimes, in what economists call a
principal-agent problem, those trustees forsake that obligation and misuse the power
delegated to them in ways that advance their personal interests rather than those of the
public.
Corruption distorts the allocation of resources toward projects that
can generate illicit payoffs. Besides the undesirable efficiency consequences arising
from this distortion, the effect is likely to aggravate social inequalities, because the poor and powerless suffer, by definition, a comparative disadvantage in securing special favors.
If the $500,000 has to be paid if the City-County Council will not vote for the ACS deal. Pay ACS’s political blackmail scheme and get them out of town. Like all the other commentaries together with articles I’ve been reading have showed, ACS is not the kind of corporation we want in our town. Political blackmail, special interests, conflict of interests, WHERES THE FBI? WHERES THE FEDS?
Has anyone ever read ACS Ethical Standards they try to impose on their employees at the welfare office. Their employees aren’t allowed to accept even a Christmas card. Yet the CEO’s and Directors of this company have done just that.
ACS is a shameful, unethical, disgraceful hypocrite, not to mention the so called “leaders” of Indianapolis for creating this mess.
What an embarrassment to our city.

For years. the word on the street is that Republic...

2010-10-03T12:30:41.151-05:00

For years. the word on the street is that Republicans and Democrats control parking lots and garages. Knowing about local corruption is why the majority do not bother to vote in local elections, feeling one party is as bad as the other.

Thanks for digging up these ugly truths, AI. I agree with your semi-solution.

It's all a big game for everyone without ethic...

2010-10-02T20:49:06.388-05:00

It's all a big game for everyone without ethics to reward friends and punish enemies, while stealing money from the taxpayers, while pretending to work in the best interests of the citizens - and all the indoctrinated zombies fall for it every time.

Comments on Advance Indiana™: A Closer Look At The MBE Component Of Indianapolis' Parking Meter Deal With ACS

ENFORCEMENT PROCEEDINGS – SEC Charges Affiliated C...

For years. the word on the street is that Republic...

It's all a big game for everyone without ethic...