Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: portage who wrote (15494)	2/23/2002 4:03:28 PM
From: AC Flyer	Read Replies (1) of 74559

Portage: >>Ah, you must mean the CEO's with hundreds of thousands of free stock options, domination of the BODs, trading on inside information and selling their stock back to the company (we find out much later), and plenty of money to grease the politicians' palms, and who are recipients of retention bonuses when they drive their companies into bankruptcy. I can think of a few. Or were you just talking about Wall Street analysts?<< Yep, them too. You have to go a long way to find a CEO who consistently puts the shareholders first. I am frequently disgusted by the way that sycophantic boards award huge compensation packages to venal, mediocre CEOs. But here's the problem. This is the system and as nasty as it is there isn't a better alternative. Unless you're willing to have Ray or someone like him decide what is "fair." These things go in cycles and thanks to Enron and Global Crossing and whatever other scandals pop out of the woodwork, we are entering a period in which we will have much better corporate governance.

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