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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (85463)9/19/2008 11:51:39 AM
From: ManyMoose  Respond to of 541981
 
Then they move on to some other venture to milk. Or get sent to pasture. Others are left holding the bag and deal with their improvidence.

Take for example the cat who ran Bell and Howell into the ground, shacked up with his assistant, got fired, got hired by Morrison-Knudsen, a huge global construction company, ran it into the ground, which went into bankruptcy, was bought by a billionaire who cut the hapless shareholders warrants to buy in to his reconstructed entity at three times the open market value.

These guys are crooks.

My suggestion: Give them bonuses that mature in five years IF the company is still profitable. Otherwise, it goes to zero like their company.



To: Sam who wrote (85463)9/19/2008 12:16:12 PM
From: biotech_bull  Read Replies (2) | Respond to of 541981
 
Grab profits while you can, you never know what the 5 years will bring.

It will be appalling if no lessons are learned from this.

Here they are looking out for their own - ban on shorting 799 financial stocks; I guess it beats bailing them out

nytimes.com

Not to keep picking on McCain but here's a quote

Senator John McCain, the Republican presidential candidate, said Thursday that the S.E.C. had “kept in place trading rules that let speculators and hedge funds turn our markets into a casino” and said that the S.E.C.’s chairman, Mr. Cox, had “betrayed the public’s trust.”

Hmmm, I thought the markets have always been a casino