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Here is where we assemble the list of company managements who have screwed shareholders while making themselves wealthy. Unfortunately, there are many people who qualify to be included in this category. Deeds that enable one to qualify include: bonuses paid to top managements upon change in control of the company, increasing salary or reducing the strike price on stock options while company fundamentals and/or the stock price deteriorates, nepotism - the hiring of poorly qualified relatives to help run the firm in lieu of more highly qualified non-related people, those who put out variations of the same meaningless press release over and over. No doubt, SI'ers will think of additional deeds that will vault the managements of companies into this most heralded club. We might think of establishing a tier, with points being assigned for various misdeeds. Possibly at the end of each fiscal quarter or calendar year, we can bestow awards on those whose very presence within a company simply defines sleaze and betrayal. |
