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Technology Stocks : Intel Corporation (INTC)
INTC 36.82+1.5%Dec 19 9:30 AM EST
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To: BelowTheCrowd who wrote (167179)6/27/2002 2:25:55 PM
From: fingolfen  Read Replies (2) of 186894
 
I usually find something wrong with academic arguements in the Wall Street Journal. In this case, I really can't. A combination of state and federal law, combined with a complete abdication of responsibility by the largest owners of stock have effectively insulated management from any real threats. So long as they don't actually commit fraud or other crimes, they are virtually impossible to get rid of. No surprise they're making themselves rich while everybody else loses.

It's a very interesting thesis. I wish I had the full article to read, because I'd really like to see the supporting data (as you could do a graduate dissertation in Econ on that thesis though, so something tells me the amount of data provided is very cherry picked).
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