Been working for a year in NYC after college - I also see people "amusing ourselves to death" on the weekends. We are used to jumping through hoops all our lives, and once we're adults, what's the next hoop? Promotion? Money?
It's pretty clear that there aren't "hoops" that make you automatically happier, but it would help if we all had a little more time to explore life - in childhood and adulthood.
The craziest thing about this is that if Jeff didn't conduct all his (illegal) business on his work laptop, he may never have been caught. And, the only reason HR decided to look at his laptop was to find "a copy of a commission structure to build out the corporate sales team" that Jeff was supposed to leave behind before he left for another job.
yes, exactly. he covered his tracks pretty well otherwise, but he apparently lacked a fundamental understanding of how corporate computing assets are managed.
it's good that he was caught and punished, especially since white-collar crimes are relatively under-prosecuted. i'm more mixed about the severity of punishment--restitution plus 7 years in prison. on one hand, it seems fair relative to the sentence lengths of other crimes, but prison terms seem onerous and overly-punitive overall to me.
I steal a watch, it gets returned, I go to jail. That's more or less been the story since written law. This guy steals 13 million dollars, it gets returned, and you say he shouldn't go to jail?
Sure jail for a day or few maybe. Would cause tremendous discomfort and embarrassment IMO. But years?? For either of these crimes, sounds crazy. I see jails as a way to remove people who could be violent out of society while they can receive sober reflection, counselling, etc. But to toss around an arbitrary number of years for nonviolent offences sounds vindictive and terrifying.
In my opinion some of the punishments used in antiquity were far more rational than those of today. Prison as a punishment did not exist, because anyone would have considered it stupid to pay money for housing & feeding a felon.
For theft and other forms of damage that are not irreversible, the deterrence was achieved not by threatening with prison, but by forcing the guilty person to pay a multiple of the value of the stolen goods or of the damages.
The multiplying factor varied from country to country. Where laws were less severe, a thief had to pay double or maybe quadruple, but where laws were more severe a thief had to pay ten times the value of what he had stolen.
So even today this would be a better punishment. Nobody has any advantage if someone who has stolen 10 million goes to jail, but if he had to pay back at least 20 million, then that would be real deterrence.
In antiquity, those who could not pay back the required amounts risked to become slaves, a method which would not be applicable today. Nevertheless, in the present society where it is almost impossible to hide, it should be easier to enforce payment without such extremes.
Potential criminals may be terrified, but that's because they're thinking straight. Some stupid kid about to commit the crime that sends him to prison and ruins his entire life, is thinking about $200 for some more meth. As a deterrent, it just doesn't work.
Well, maybe it works, but nobody hears about crimes that were not done because people were scared of the consequences.
Just to be clear - I ma not a fan of how democracy like US manages their prisons, prisoners, and folks after prison - yes its kind of a death sentence for any serious job, it doesn't matter much if you would be a stellar citizen and employee afterwards for rest of your life. Clearly pure punishment and no correction, 3rd world medieval style. But that's another topic.
Kids that do stupid things for meth should get a) treatment for addiction and b) be removed from society until deemed worthy of coming back. In some place, like, dunno, lighter prison err correction facility (depending on the crime committed)
Good luck parking a car on the street if you'd be able to commit gta and get off with an apology and a class you zone out in. It should feel terrifying to commit a crime and the law should behave vindictively. What good is the social contract otherwise?
But it doesn't work! If it worked, there would be no theft. Clearly prison is seen as a minor deterrent, is of obviously no use regarding actual rehabilitation... and is very, very expensive.
yes, some jail is warranted, but the magnitudes of the crimes make a difference. a few days for a watch. a couple years maybe (what the defense had hoped for) for millions of dollars, because that represents stealing a few dozen person-years of economic output (not to mention the non-monetary aspects).
I rolled that around in my brain for a decade and eventually decided people who commit financial crimes need to have a day in prison tacked onto their sentence for every $1000 they steal. Under that scheme Jeff Davis dies in prison. And that shouldn't be anything we should care about.
Regarding the seven years. He'll probably do less than seven. The federal system has no parole but has exemplary behavior and then he can also get supervised release toward the end of his sentence. I'm of a mixed mind on how severe white-collar crime sentences should be (and how to vary/judge them), however that seems quite fair (if not light) when combined with restitution. It's a very sizable fraud.
I was under the impression that you must serve at least 90% of your time sentenced in federal prison, and that's with good behavior. The real variable is whether you're put in minimum security prison. That's the tier where there are nicer facilities and no fences. You can literally walk "off campus"--at least if you don't mind surely getting caught and sent to a high-security prison afterwards.
Yeah, I don't understand what the plan was for 20 years from now when the contract gets renegotiated. Maybe he figured corporate amnesia would have set in.
Still, it seems like there are easier ways to make more money. eg if you're a really good salesperson, there are plenty of companies -- mine included -- that will happily double or triple that $360k/year.
That's the stupidest thing. He would have been busted for sure, but there is no reason he couldn't have reduced the "Upfront" money he took by $500,000 to begin with.
If everything had matched up perfectly at the end, there is little reason for anyone to ever look into anything.
He also maybe have parked the stolen money in an offshore account for a few years, and not gone crazy shopping before he even left that job.
Like seriously, do none of his coworkers who know how much he makes wonder about the size of his mansions?
500,000, later 1,000,000, per year. See the table in the article: the overall sum of the contract didn't change, he asked for 9 million to be paid earlier than initially planned. They'd somehow have to reappear entirely later for everything to look clean.
You were rich because you discovered that you could eat little but peanut butter sandwiches and eggs and still be content. Others, despite having the discipline to spend less than they have, find they can't be content living under the privations that doing so entails. They do not feel free and cannot be considered rich.
You can be content on surprisingly little. It pays to find out what that "little" is.
It sounds like a break from work life would be immensely helpful. Here's another alternative that I'd recommend.
You didn't mention taking any breaks / vacation during this period. Take a week or two off and see how you feel. If you feel you should go longer, do it. I'd strongly advise against going right into a 6 month break.
Good advice! However, I just got back from a week long vacation and still felt this way... I was hoping it was burnout, and that a vacation would do me well. But it's more a general unmotivation to keep working on this project.
A week is rarely enough time to expect a real mindset or perspective change, especially if you're not setting out with intent to do so. I'm not saying you shouldn't quit, but if you wanted to give yourself a chance to avoid burnout, perhaps discuss the possibility of a longer sabbatical with your employer. As someone who's spent some time on full-time side-projects, full-time employment, and in-between, the grass isn't always greener.
The emails were "sitting plaintext in an exposed database."
Major things wrong: unencrypted email addresses + private messages, leaving the database without a password, database wasn't fixed until a week after knowing of the error.
I find it concerning that this kind of news seems normal now.
It's pretty clear that there aren't "hoops" that make you automatically happier, but it would help if we all had a little more time to explore life - in childhood and adulthood.