Back here I blogged about the 19 year welfare for lawyers Exxon Valdez case. This morning Vermont Public Radio ran an indignation piece about the same case. Only, VPR's indignation was directed at Exxon, who "lacked a corporate conscience" and "did not support the community", and is still contesting the court awards.
Not so. It is the duty of the courts to resolve disputes between parties. Allowing the Exxon Valdez case[s] to remain unsettled after 19 years is dereliction of duty on the part of the courts. Every judge in this disgraceful case should be impeached. A real court can made a decision that sticks, and make it on time, not two decades later. Obviously this case was not heard in a real court but a mickey mouse court.
It is the duty of corporate managers to make money for their stock holders. It is violation of management's duty to throw corporate money around rather than pay it out in dividends. Exxon management decided to spend for 20 years of lawyering which resulted in couple of billion dollars reduction of the company's fines. The judges allowed it to happen. Exxon sized up the courts and saved a good deal of money by correctly deciding that Mickey Mouse was the judge.
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