I think they are different levels of bad. To paraphrase the old adage, If sales takes over your company, be wary. If accountants take over, start looking for a new job. If lawyers take over quit.
I mean, and I’m thinking more in the context of retirement investments here, the moment any of those things happen I’m inclined to jump ship. I am thoroughly unaware of any time such a move has turned out well in the long run. Same sentiment for stock buybacks, though that one because if that’s the best thing the company can think of to spend money on they are completely out of good ideas.
I can see how accountants and sales can be bad, but how exactly do lawyers fuck up? Not saying they don’t, just asking how it plays out.
They only bring in the lawyers when something is truly fucked, like the Board taking control from administration. They usually take over when the time has come to investigate fraud, dismantle or otherwise heavily restructure the company.
Oh but then the lawyers are like white blood cells? They are good? Lawyers are friends? (Unless you’re a black hat/criminal I guess)
