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To: goodnesswins
the Board had a fiduciary responsibility to it's "shareholders" which it is now being forced to acknowledge. I agree completely. Except that duty has been exercised. What is under-reported or misreported is the fact that the huge sum of $140M is not pay: it is pay plus return on investment.

It is much like reporting on a guy that puts $1,000 a year into an IRA that, at the age of $70 he received a pay of $200,000. He's put in $30,000 an the rest is appreciation of assets.

The same is with Grasso. If you look at his pay, it's not out of line with other CEOs. And his performance is much better than most, nothing short of spectacular.

The true, unreported cost is the lesson that any young person in America has learned today: be a victim, don't work hard and do not try to be suceessful. The guy rose from a clerk. We used to celbrate such stories in this country.

Grasso was merely thrown to the dogs --- the general public that has internalized the socialist outlook. That's all that happened. The public wanted blood and got it.

86 posted on 09/17/2003 7:53:35 PM PDT by TopQuark
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To: TopQuark
Well....Grasso is NOT the first one being "thrown to the dogs"....and won't be the last. The "little guys" who put their IRA money away, and watch their paychecks get chunked for Social Security are the ones who probably are really pissed. And, if Grasso turns out to be a big LIB.....watch out. Hypocrites should get shafted. Of course, then there's the Board.
91 posted on 09/17/2003 8:09:30 PM PDT by goodnesswins (Whiners & PC'ers.......members of the new OFFENDED Political Party)
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