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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (70706)10/30/2007 2:06:35 PM
From: Steve Lokness  Read Replies (1) of 116555
 
Mish;

management is not looking out for shareholder interests

The problem is not management - who have always had their own interest as number one - but the BOD's. It is the BOD's fiduciary duty to look after shareholders. Just as Congress is suppose to be a check on the executive branch and has also failed miserably at that job. Lee Iacocca has a book - Where Have All the Leaders Gone........

steve
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