Crain's Chicago Business is even tearing into Rauner...
http://www.chicagobusiness.com/article/20140811/BLOGS02/140819987/rauner-cant-have-it-both-ways-on-gtcr-flame-outs?r=7444G9856023G0B
...furious debate over the meltdown of one of GTCR's companies, ConvergEx Group LLC, which so far has agreed to pay $151 million in penalties and restitution for defrauding stock investors with phony fees.
The head of the firm's trading subsidiary last week was indicted by federal authorities in the case. The CEO of the parent firm in December was replaced in a company shake-up when news of the scandal first hit. But Mr. Rauner says he has absolutely no responsibility for that episode, that the key decisions were removed "five levels" from him, and that he can't be held responsible for the actions of a few "rogue employees."
Sorry, that just doesn't wash. If you run a big company, the buck stops on your desk. Just like it stops on the desk of Gov. Pat Quinn when a patronage hiring scandal erupts in the Illinois Department of Transportation, or prosecutors start asking questions about a grand anti-violence program that more and more looks like a political slush fund.
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