
Edited 05-15-2007.
It’s a slow news day so I’ll catch up on the dot-com bust as it relates to AOL. Their double-dealing and questionable activities near the end of the first dot-com bubble (we’re in the second one right now, hence Bubble 2.0) have taken four years to work through court. In fact, the show’s not over yet, but I’m sure the final acts will turn out no more exciting than parts One and Two did.
While at least three AOL executives could’ve used some jail time to straighten out their moral compasses (the settlement document shows these crooks came as close as possible to admitting their misdeeds without saying “I’m guilty”) they walked out of court free men with tears in their eyes and no doubt thanking God for good lawyers.
Such is the way in a world where money, power, and good legal representation gets you further than values, ethics, and good judgment ever will; the latter, last I heard, merely gets you laughed out of Silicon Valley. Welcome to the dot-com cesspool; the star of our show today is AOL.
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