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Mr. Yassky said the city "should be circumspect about substituting its judgment for the judgment of business people".
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And both firms have new bosses Thierry Breton was chosen this week to head France Telecom whose mission is to restore faith in the judgment of the business and financial elite that runs France, an elite that was instrumental behind the scenes in ousting the old bosses and choosing the new ones.
First of all, he is not too worried about the stock market's daily judgment of his business.
Lehman executives engaged in what the report characterized as "actionable balance sheet manipulation," and "nonculpable errors of business judgment".
Even the extension of business judgment rule protection to corporate officers has recently been questioned by federal courts.
To dismiss Marconi's collapse as a failure of business judgment but not of governance smacks of complacency, and raises fundamental questions about what good governance actually means.
Skilling, 54, has never swayed from his protestations of innocence - his appeal brief says he is in prison "not only for crimes that he did not commit, but for acts of business judgment that are not crimes at all".
Ethical disclosure 1.Ethical/professional conduct Allowing sound, good moral judgment in the conduct of business.
The results of this tax thinking is to destroy the integrity of business judgment, and to set up a business structure and tradition which does not hang together in terms of the compulsion of inner economic or engineering efficiency.
"The effect of this judgment is that those kinds of business may owe a lot more to their workers, such as paid holiday and minimum wage, than they had bargained for".
"The Parole Board, along with other agencies within the parole system are working hard to tackle the caseload, particularly demand for oral hearings which has increased considerably following the UK Supreme Court judgment [in 2013]," Glenn Gathercole, head of business development at the Parole Board, told VICE News.
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