At SAC, Culture Trumps Compliance By 38:1

The Compliance Strategist

, Corporate Counsel

   | 6 Comments

Your company can have all the compliance professionals in the world but, in the end, culture trumps compliance. In the case of embattled hedge fund giant SAC Capital, that appears to be by a factor of 38:1.

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What's being said

  • ChrisTobe

    I think the SAC culture attracted clients with similar cultures as I write about in my book Kentucky Fried Pensions

  • Kentucky Fried Pensions

    The SAC culture of corruption extends to their clients as write about in my new book kentuckyfriedpensions.com

  • Randy M

    When you live in it, you don't smell it. Time to end the tax breaks.

  • Ed Patton

    Well somebody's knickers are in a wad! Six guilty pleas for insider trading seems like fairly compelling facts. Were you looking for seven?

  • Ron B

    Well said, Martin.

  • Martin K

    This article is useless. It's full of innuendo, but few facts. The golf pro anecdote is but the most glaring example.

    Why can't you folks on the internet with loghorrea wait for the proof, and not prejudge based on the prosecutor's self-serving complaint/indictment and press release. We have seen too many examples of prosecutors who plead big but prove little or nothing -- starting with Giuliani's "perp walks," to Spitzer's vendettas, to Corey's misbegotten murder indictment. I assume you have heard the saying, "A prosecutor can get the grand jury to indict a ham sandwich."

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