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

To: John McCarthy who wrote (102492)	9/25/2009 1:30:33 PM
From: benwood	2 Recommendations Respond to of 116555

I trace everything back to the granting of massive options which encouraged the very short term outlook over the long term health of the company. In essence, go long on every play. If you strike it rich, you have a hundred million or more. If it's four straight incompletes and you go belly up, then a) you get a gov't bailout or b) you get a golden parachute. The system makes fools of most who have a long term plan and vision and makes most very wealthy (who were already sitting at the top). It's a positive feedback loop, and it destroys the underlying business. Look at all the mergers, e.g. my sis-in-laws (a package carrier) in which, when they were bought out provided the 1 person at the top with 16 million dollars (or so) and it nearly ALL the rest with a pink slip. That's the American dream nowadays -- a lottery.