Posted on 10/05/2008 6:18:18 AM PDT by Daffynition
ditto that ! Pay for performance works every time.
fyi
While the government stuck its nose in the Wachovia mess, Wells Fargo played a lone hand to win control of that bank. Now, if the move proves advantageous the Wells Fargo board deserves a damn good raise for taking a risk and succeeding. If it fails then they will deserve the axe. And that’s the way the system should work.
As long as Kovakovich doesn’t wake up some morning and believe he’s God. Its happened to other really sharp executives, one just recently in Tulsa.
If you're going to be crucified either way, might as well stand up for what you believe in.
He can recover from voting yes. There is no way he could have recovered from voting no. Not in this environment.
Spare me, they would be fighting for positions in the queue if there weren't strings attached regarding executive compensation. And maybe that's the point of those strings.
Rather than capping pay for CEOs if they volunteer to participate in this, I maintain that a superior solution would have been to require all publicly traded companies to maintain separation between CEO and Chairman of the Board positions. The same person cannot hold both offices, and this is not voluntary, but required. This preserves the role of the board as aadvocate of the owners and not pawns of the CEO. In doing so, it would eliminate the CEOs writing their own severance packages and would do alot to curb these ridiculous golden paarachutes.
Being both CEO and Chairman of the Board is a fundamental conflict of interest and does not provide shareholders good value.
LOL! The banks are taking a look at the bailout Washington said we had to have or they would all fail and now some banks are going to tough it out instead of participating?
Is this the same as saying the bailout wasn’t necessary?
I was skeptical too, but this reporter is in NY. Taking the speculation with a *grain* is a good idea, I googled the keywords in the title and didn't come up with anything [yet.]
I really don’t think that would change things much. Corporate directors are a small club. They make sure everyone’s back in the club gets scratched when the time comes.
do I step in horse manure or on a dead skunk. Yep, not a ‘great’ choice at all.
Well it’s a very clear chouce to me. Horse manure washes right off. Dead skunk stays with you a very long time. You be the judge as to which candidate represents which.
Good emphasis on the key point.
Banks previously were hoarding cash because they were uncertain as to the amount of writedowns they would have to take on the bad paper.
Now they can release dollars because they know they can sell the bad paper as a last resort.
But this will increase the supply of dollars and weaken it as a result. Oil as a result will once again trend up in price. Boone Pickens now says $150 oil. I would not bet against him as he was always right before.
A couple years back he predicted $75 dollar oil and he was scoffed at. Later he predicted $125 oil and was considered deranged.
Now with bailout and the resultant increase in supply of dollars, he is predicting $150 oil.
If McCain gets in we will have crash nuclear power plant building, hopefully pebble based gas reactors as they are inherently safe.
But in the short term I am going long oil.
"Yes I did support it to put my country 1st, but their was so much pork in it I need a dispensation from Joe Lieberman's Rabbi just to sign on, but under a McCain Adminstration any bill with this much pork would be vetoed when it hit my desk".
I knew that its all a scam. $700 Billion... $1 Trillion... and on and on... just cr#p. They can't even figure out the cost of a jet... 1 jet that they've got plans, engineering spec, factory/labor costs... and the government is going to accurately gauge a real estate portfolio combined with derivative financing and profit margins that us .5% spread over the life of varying years in order to predict profit and hedge against losses.
It's like Hillary stating she knew how to play cattle futures by "reading the Wall Street journal"... Politicians "think" that they can do something that appears easy but takes knowledge and actual experience.
Paulson’s compensation package exiting Goldman Sachs, according to reports, was US$37 million in 2005, and US$16.4 million projected for 2006. His net worth has been estimated at over US$700 million... why wouldn’t he want what’s *best* for his former colleagues? GRRR!
If a company is bellying up to the federal funds window, obviously their executives have largely failed. Try again.
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