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To: Land Shark who wrote (189524)	7/19/2010 1:30:36 PM
From: grusum9	Read Replies (1) of 228138

when i talk about regulations i should always make sure people know i'm talking about federal government regulations, not private company regulations. private company policies and rules are often made to protect the public. and i have nothing bad to say about private rules and policies even though some of them might not be good. of course if they're not good they are much easier to change than federal regulations.. the NYSE could have the same regulations that the SEC forces by law, if they chose to do so in a free market. and if it were a free market, they would choose the best regulations and rules out of self-preservation. reputation is very proactive. the whole idea is to preserve it. but reputation also acts in a retroactive way. people that have been injured by a reputable company are made whole again by that company. and a reputation can be damaged without being destroyed. a reputation can be rebuilt. an example is the tylenol poisoning case years ago. the company paid reparations where possible and went to great lengths to make it difficult for anyone to poison their product again. they were honorable and made a sweeping come back. they became stronger after the incident than before.