CEO ASBOs and other Disorders
I received a Google Alert about mounting ASBOs in the U.K. To my embarrassment, I was not aware of this term and turned to wikipedia for a definition. (See below)
In the United Kingdom an Anti-Social Behaviour Order (ASBO (pronounced az-bo)) is a civil order made against a person who has been shown to have engaged in conduct which caused or was likely to cause alarm, harassment or distress to one or more persons not of the same household as him or herself and where an ASBO is necessary to protect relevant persons from further anti-social acts by the Defendant. In England and Wales they are issued by Magistrates’ Courts, and in Scotland by the Sheriff Courts. It was introduced by the Crime and Disorder Act 1998.
As I was searching around wikipedia I learned that ASBOs were served against Sony Music UK and BMG for alleged fly posting. Apparently the illegal fly posting was believed to be saving the companies over eight million pounds in advertising costs and was costing the city some 250,000 pounds to clean up. An ASBO can result in a jail sentence of five years or more. Sounding more and more serious!!! As if companies do not have enough to worry about these days.
In the U.S., some would say that ASBOs are increasing common among CEOs and other executives in Silicon Valley who are being investigated for backdating stock options. Is an interesting term and thought I would point this out to other clueless people (like me).