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

To: nuconvert

The real culprits are the members of the Board of Directors who hire these bums at these exorbinant salaries and exit contracts.

The average shareholder should get enough likeminded people together and hold these elitists feet to the fire through the SEC and if that won't work through the court system.


7 posted on 01/15/2007 11:12:18 AM PST by boilerfan (Hoosier born and Boilermaker educated!)
[ Post Reply | Private Reply | To 6 | View Replies ]


To: boilerfan
The real culprits are the members of the Board of Directors who hire these bums at these exorbinant salaries and exit contracts.

There lies the key to the problem -- the universe of people who have any chance of being on BODs is simply too small for the dynamics of the market to override individual mutual-backscratch manipulations, and they have erected institutional barriers against discipline by the larger marketplace. Effectively, it's a weaker form of the crony "capitalism" that messed up post-Soviet Russia.

19 posted on 01/17/2007 10:19:52 AM PST by steve-b (It's hard to be religious when certain people don't get struck by lightning.)
[ Post Reply | Private Reply | To 7 | 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