According to today’s New York Times, poor, misunderstood billionaire Raj Rajaratnam, will be portrayed by the defense as a “big picture” guy who didn’t know anything illegal was going on under him. Mere mortals do not understand how it works with billionaires, so I feel obligated to make it clear. It is quite simple. When things go RIGHT, then, the people at the top take credit for their brilliant insights, their persistence, their people skills, and their innate talents. This is why they deserve to be billionaires. But if things go WRONG, then, the results are due to people under them. Since they are “under” them, these people obviously have less brilliant insights, less persistence, worse people skills and less innate talent. The system is really quite simple. Read the autobiography of virtually any CEO and you will find a similar story. To the extent that things go RIGHT with a company it is due to the guidance of the CEO. When things go WRONG, it is due to underlings, the economy, unfair competition, the interference of the government, the weather, the stars, the quality of the coffee, the pressure of being in the limelight, cracks in the pavement, too many trees, butterflies making too much noise in the background, etc.
Now that I have clearly explained how things work, I hope folks will start buying and trading Billionaire Trading Cards! And, don’t forget the “Adopt a Billionare” program!