tag:blogger.com,1999:blog-12703782.post8376069100795419450..comments2020-04-11T03:30:02.282-05:00Gary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-12703782.post-82231997410600792932010-10-02T19:00:05.774-05:002010-10-02T19:00:05.774-05:00ENFORCEMENT PROCEEDINGS - SEC Charges Affiliated Computer Services, Inc. With Stock Options Backdating and False Disclosures:<br />&quot;The SEC&#39;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.&quot;<br />Above is a part of a recent into ACS.<br /><br />Seriously folks let&#39;s get real.<br />Public officials are supposed to be trustees of the commonweal, not political<br />buccaneers seeking their own private gain. But sometimes, in what economists call a<br />principal-agent problem, those trustees forsake that obligation and misuse the power<br />delegated to them in ways that advance their personal interests rather than those of the<br />public.<br />Corruption distorts the allocation of resources toward projects that<br />can generate illicit payoffs. Besides the undesirable efficiency consequences arising<br />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.<br />If the $500,000 has to be paid if the City-County Council will not vote for the ACS deal. Pay ACS&#39;s political blackmail scheme and get them out of town. Like all the other commentaries together with articles I&#39;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?<br />Has anyone ever read ACS Ethical Standards they try to impose on their employees at the welfare office. Their employees aren&#39;t allowed to accept even a Christmas card. Yet the CEO&#39;s and Directors of this company have done just that.<br />ACS is a shameful, unethical, disgraceful hypocrite, not to mention the so called &quot;leaders&quot; of Indianapolis for creating this mess.<br />What an embarassment to our city.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-54811635046286149192010-09-22T18:50:37.396-05:002010-09-22T18:50:37.396-05:00The bar is raised pretty high for Melina Kennedy to funnel this sweet a deal to her own band of profiteers. Somehow, I have faith in our local rotted and inscestuous version of the &quot;two-party system&quot;- but the bar is high, nonetheless.dcrutchhttps://www.blogger.com/profile/12856825454020971907noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-2565610732007628382010-09-22T16:30:40.891-05:002010-09-22T16:30:40.891-05:00With all the news about Pittsburgh receiving 452 million dollars up-front money,three new garages, all new parking equipment and 100% of all the parking violation income this deal stinks even more!Unknownhttps://www.blogger.com/profile/14833918685984924902noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-92045955059769877122010-09-22T14:48:09.054-05:002010-09-22T14:48:09.054-05:00Privatization isn&#39;t necessarily bad but; the ACS deal isn&#39;t privatization it is more akin to rape and plunder.Jonhttps://www.blogger.com/profile/09490253182039581408noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-453107140738893342010-09-22T14:22:58.938-05:002010-09-22T14:22:58.938-05:00They really are looking to sell anything they can get their hands on.<br /><br />This is government-for-profit.Catohttps://www.blogger.com/profile/03341628086158209539noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-79668864216767643212010-09-22T12:14:03.534-05:002010-09-22T12:14:03.534-05:00IndyErnie weeps...Wilson46201https://www.blogger.com/profile/14214029150233485312noreply@blogger.com