The only comment that I’ve seen that I kind agree with...is that executives ought to be responsible for the mess they get hired into. If they are absolutely incompetent....like about fifty different guys we’ve seen come to note over the past eight years....they ought to be immediately fired and sent off without any pension, severance package or bonus. This is the one thing that most of us readily agree on. This group of Harvard, Yale and Princeton business idiots...who have destroyed so much of the banking business...should never be allowed back into government or business. Yet as we look around....even the Obama staff have brought some of these losers onboard...pretending that they were never a cause of problems in the first place.
I believe in the same idea for college football coaches...if they can’t produce....just let them go....don’t pay the guys $4 million to get them out the front door (hint: Bama & Auburn).
well what happened? After all that Barney Frank and pals have done, his party gained even more seats in congress. He was rewarded for screwing around with freddie mac.
But we’re going to get tough...yeah, we’re going after the middlemen. That’ll learn ‘em.
That’s between the CEOs and the board. If you can take away a CEO’s bonuses and pension because they are ‘too big’ you have to be just as willing to do the same to blue-collar worker.
“The only comment that I’ve seen that I kind agree with...is that executives ought to be responsible for the mess they get hired into. If they are absolutely incompetent....like about fifty different guys we’ve seen come to note over the past eight years....they ought to be immediately fired and sent off without any pension, severance package or bonus. “
exactly.
I was listening to family members gripe about the CEO salary and bonuses, and I asked “what is stopping the shareholders from dumping the stock?”
People forget they are shareholders.
That shareholders are the owners.
How many shareholders keep track of how the business is run?
How many of them offer their opinion about the CEO pay and bonuses while they hold the stock?
It seems to me that is also part of the problem - investing in companies but not paying any attention to what the board and the CEO are up to.
The libs want to pretend only government can deal with this - but it seems to me that investors need to start paying better attention to what management is doing.