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Prison – It is no "Club Fed" |
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Walt Pavlo in Edgefield Federal Prison (Edgefield, SC). |
Many people who work in corporate America have had no contact with someone who has gone to prison. It is very foreign to those in middle and upper class society. Audiences are curious as to how one does cope with the prison experience. Again, the media has portrayed that white-collar criminals go to a "resort" of sorts and then go on to live a normal life. It plants in the mind of some that it may be worth the risk of a soft prison sentence to gain a large amount of money from a crime. This is not true and there are dire repercussions for acting in an unethical or criminal way. |
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| I am here today to tell you about an aggressive business environment and the poor decisions I made in those conditions. However, by no means is this an excuse for what I have done. The justice system did not allow me to make any excuses, nor will I make any here. I also, realize that many of you may have been victims of my crime and as victims you deserve to hear that I am sorry for what I have done and I do deeply regret my actions. Second, as victims you deserve to know that I was punished for my crime and have paid a significant price through incarceration, financial losses, and strained personal relationships. Thirdly, you all should know that I am a better person and have learned from my mistakes. I took a great deal of time to reflect on what I did, why I did it and how to avoid such actions in the future. Lastly, I want everyone to know that I have found a way to give back through speaking openly about my experience. My hope is that I can put you in my situation so that you can learn...without the consequences. Walt Pavlo Lecture at the Columbia School of Business, 2004 |
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