1 posted on
09/17/2003 3:14:03 PM PDT by
Timesink
To: Timesink
Been following this on cnbc.
2 posted on
09/17/2003 3:15:49 PM PDT by
psjones
To: Timesink
He will have a book out in 9 months. It won't sell. He will enjoy his retirement otherwise.
3 posted on
09/17/2003 3:15:50 PM PDT by
dogbyte12
To: Timesink
No loss to the investing community. One more crook gone, hundreds more to follow...
4 posted on
09/17/2003 3:17:11 PM PDT by
Beck_isright
(Shenandoah and Blue Ridge will re-emerge as the investment of the 21st Century....)
To: Timesink
Why didn't he wait to realize his money until he was ready to retire?
To: TopQuark
That didn't take long...
6 posted on
09/17/2003 3:18:51 PM PDT by
Wphile
(Keep the UN out of Iraq)
To: Timesink
Is Grasso a Democrat of Republican?
Serious question, I am thinking of Robert Rubin, John Corzine, etc.
To: *Weasels_List
bump
8 posted on
09/17/2003 3:20:37 PM PDT by
Timesink
To: Timesink
Has Imus addressed this? I know they are buds, but I don't have the opportunity to watch him anymore....I'm not implying that that is a bad thing.
9 posted on
09/17/2003 3:22:00 PM PDT by
gorush
To: Timesink
Mary Thompson of CNBC confirms via Carl McCall that Grasso tendered his resignation and it was accepted. Board will reconvene at 9 pm tonight to determine an interim chairman.
13 posted on
09/17/2003 3:24:19 PM PDT by
Timesink
To: Timesink
A lot of funds have his head on a platter.....they lost money while HE MADE BEAUCOUP BUCKS.....not a smart move, Dickie. (But, hey, I also have BLAME the BOARD who GAVE him the Moola, too.)
14 posted on
09/17/2003 3:25:06 PM PDT by
goodnesswins
(Whiners & PC'ers.......members of the new OFFENDED Political Party)
To: Timesink
This episode points to a serious problem with U.S. businesses. Officers of the board take hundreds of millions of dollars in compensation from the company, and then that money isn't available to reinvest in the company. R&D, new equipment, competitive salaries for the rank and file, service to the customer, all of it siphoned off into the pockets of the board members. Some companies that are already weak wind up going bankrupt because of this sort of thing.
I almost hate writing this because it sounds like a Democrat anti-capitalist talking point, but it really is bad for business, and the sums involved are so huge that you have to wonder, who would want that kind of money anyway? It wasn't always like this, either, and it's not a good development.
To: Timesink
Take the money ($140 million) and run. That ought to make the average investor more confident about the stock market.
21 posted on
09/17/2003 3:30:26 PM PDT by
dennisw
(G_d is at war with Amalek for all generations)
To: arete; Orangedog; Tauzero; kezekiel; ChadGore; Harley - Mississippi; Dukie; Matchett-PI; ...
Pinging some of the usual suspects.
22 posted on
09/17/2003 3:32:55 PM PDT by
Beck_isright
(Shenandoah and Blue Ridge will re-emerge as the investment of the 21st Century....)
To: Timesink
He really does look like his name......
28 posted on
09/17/2003 3:44:38 PM PDT by
b4its2late
(Why is 'abbreviation' such a long word?)
To: Timesink
Aw, stop yer grumblin!
It's obvious this man is ordained to be wealthy in his olde age. Why do you begrudge a man his just pay for whatever job he's done to deserve such riches?!?
50 posted on
09/17/2003 5:04:49 PM PDT by
Glenn
(What were you thinking, Al?)
To: Timesink
One more core American institution suffered from the class warfare and leftist attack. Congratualtions to the cheerleaders of that attack.
55 posted on
09/17/2003 5:18:30 PM PDT by
TopQuark
To: Timesink
Wow, I just saw him last week @ Union Staion (DC)...his limo pulled up, let off 2 people (who I assume were on the same Acela train I was on to NYC)......he left I figure to go the DCA...
To: Timesink
The rich paying each other far beyond what they're worth.
99 posted on
09/18/2003 9:02:11 AM PDT by
ampat
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