Beware of the company you keep

Another enlightening Business Law class. This session covered punishing companies, punishing managers, handling a crisis, and staying out of trouble. Akula went over a bunch of examples where executives got themselves in trouble and ultimately went to jail. It is a little scary actually. As a CEO, you can't just simply chose to ignore some wrongdoing within your company -- you can be held liable. If an employee does something really bad, unless you play your cards really well, you could get in major trouble.

The prof said the best single piece of advice he can give us is: Be careful of the company you keep. If you are being put in a position to do something illegal and you don't have enough power to fix the problem, you have to quit. Quitting works well most of the time, but nothing else does. And don't keep a paper trail (ie, a diary or journal detailing the events even if you express your disagreement).