SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: reaper who wrote (203650)11/9/2002 1:37:41 AM
From: patron_anejo_por_favor  Read Replies (2) of 436258
 
Tommaso summarized most of it...he answered a question regarding the Fed's moves and how they will impact the dollar by saying that the Fed (and government in general, I assumed he was referring to O'Neill here) should be more concerned with establishing stability of the dollar, even to the point of saying they are concerned about it publically and perhaps outlining a specific target range for it. He categorically stated he thought deflation was not present nor a concern. He strongly felt that Chairman and CEO positions should not be shared, derided the corrosive effect of the "imperial CEO" on corporate governance. He strongly opposes awarding stock options to management, stated it creates a "perverse incentive" to use abusive tactics to prop stock prices short term, often at the expense of the long term well being of the company and it's shareholders. He cited companies not paying out divvies and using cash flow to buy back stock as just one example. He avoided directly criticizing BubbleBoy, though I felt he was concerned that the rate cuts had gone too far and that inflation was indeed a risk as a result. He mentioned that when he was a graduate student, the argument that "a little inflation is good for the economy" was bandied about often, ultimately resulting in the inflationary bonfire (that he was charged with extinguishing years later).

Throughout he was jovial and humble, perhaps the exact antithesis of Sir Prints-a-Lot.

Oh yeah, he also said he isn't interested in the SEC Chairman's job.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News