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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (4212)	2/5/2009 8:20:13 AM
From: rrufff	Respond to of 5034

I think the biggest issue out there is mismanagement and excesses. There has to be a drastic change. See Carl Ichan's website for his plans. This is in the news today and probably won't get very far unless people who trade and invest get on websites, including those for the administration, and encourage this. (By the way, this should be almost everyone as retirement plans, including IRA's, 401(k)'s are affected by poor performance and regulation in the markets.) It's not socialism or communism to force management to realize that management works for shareholders, not the other way around, and that BOD is supposed to be independent protecting the shareholders. From AP: apnews.myway.com The administration also will propose long-term compensation restrictions even for companies that don't receive government assistance, Obama said. Those proposals include: - Requiring top executives at financial institutions to hold stock for several years before they can cash out. - Requiring nonbinding "say on pay" resolutions - that is, giving shareholders more say on executive compensation. - A Treasury-sponsored conference on a long-term overhaul of executive compensation. I would go further and have BINDING "say on pay." Furthermore, there needs to be an attendant change in the way institutional investors and mutual funds use the power of proxy. Too often, they just go along in true CYA fashion. "Don't rock the boat, so nobody looks at my deck," is the way of this world. There should be an overhaul of the liabilities for failure to strictly advance the interest of underlying investors, as well as the pay scales of managers of funds and institutions. There is a disconnect in this country between performance of the entity and riches given to managers.