Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (94518)	2/27/2009 6:42:31 PM
From: axial	2 Recommendations Respond to of 116555

Wall Street’s Brain Drain Defense nytimes.com “People got spoiled,” Mr. Gutfreund says. As for that brain drain: Not likely, he says. “There’s always someone else coming up the ladder.” --- *"Bottom line: don't believe there's no one coming up who couldn't do a better job for far, far less. There always is."* Message 25432905 Jim

To: axial who wrote (94518)	12/9/2009 10:15:51 PM
From: axial	Read Replies (2) \| Respond to of 116555

GE chief attacks executive ‘greed’ -snip- "“We are at the end of a difficult generation of business leadership ... tough-mindedness, a good trait, was replaced by meanness and greed, both terrible traits,” said Mr Immelt, who succeeded Jack Welch, one of the toughest leaders of his generation, at the helm of the US conglomerate. “Rewards became perverted. The richest people made the most mistakes with the least accountability.” Several executives, especially in financial services, have apologised for their companies’ role in the crisis but Mr Immelt’s remarks went further, linking bad leadership to growing inequality. “The bottom 25 per cent of the American population is poorer than they were 25 years ago. That is just wrong,” he said. “Ethically, leaders do share a common responsibility to narrow the gap between the weak and the strong.”" ft.com --- [Overcompensated players across the spectrum of commerce and finance have taken large numbers of vital enterprises down. The main driver for sub-par performance and risky behavior has been - you guessed it - increased compensation. We've created incentives for increased compensation, which in turn creates incentives for risk-taking. If the risk-taking fails, we pay anyway. Meanwhile, across the economy we overpay for mediocrity.] Jim