Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: sakic
It's all about stock value and shareholders now.

Same as it ever was. People like to look back to a far gone time when things were better. But the truth of the matter is that things were lousy back then, too.

13 posted on 12/08/2003 9:00:36 AM PST by gridlock (ELIMINATE PERVERSE INCENTIVES)
[ Post Reply | Private Reply | To 11 | View Replies ]


To: gridlock
Same as it ever was.

Untrue.

Used to be that a company didn't disproportianately pay the top members of a corporation such a high percentage of the company's cash.

I believe that the top parts of the corporation now keep ten times a higher percentage than they used to retain. I don't remember the exact figures but I'll try and track them down.

I also know that companies routinely lay off employees while granting unbelievable amounts of money to its officers, even as a company goes under, as witnessed quite often in the news over the last few years.

This is a relatively new behavior, and as far as I'm concerned incredibly criminal.

Steal twenty-one dollars from a 7-11, go to prison. Take a few billion from a corporation that you've just let to its destruction, retire to your mansion, courtesy of the cash lined pockets of your local politician.

16 posted on 12/08/2003 11:34:58 AM PST by sakic
[ Post Reply | Private Reply | To 13 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson