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.
Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: oldirtybastard who wrote (26339)12/20/2001 10:55:24 AM
From: TechTrader42  Read Replies (1) | Respond to of 52237
 
The CEO's, CFO's and the directors will take any earnings anyway, so what difference does it make whether there are earnings or not? The shareholders won't get their hands on them (the earnings, I mean, though they won't get their hands on the CEO's and CFO's, either, much as they'd like to).

Here at Wormwood Investments Inc., the CEO was paid $700 million this year, which was fair, all things considered, because of his leadership during the recession. Also, he was paid $450 each day for his limo fare between his office and the minimum security prison where he resides. Pro forma earnings were $4.57 (total, not $4.57 a share), after hidden charges. There was pressure to post a profit. Wormwood Investments Inc. hired a reputable accounting firm to turn its staggering losses into a small profit.