I've just read an article just about executives of private companies who keep giving themselves huge foot raises while their companies are loosing money moved out and right and perhaps are approaching insolvency. Here is an example:
"Rick Wagoner, CEO of General Motors Corp., announced more rapidly this month the company had to close four plants that trade name trucks and SUVs because of lagging constraint as fuel prices soar. That followed the posting of a $39 billion loss in 2007, a year when its stock price fell by around 19 percent, without adjust for dividends.
And Wagoner? His pay rose 64 percent, to $15.7 million."
http://www.sltrib.com/ci_9658343
If politicians be lining their pockets near taxpayer money like that. Then everybody would be up within arms. But when corrupt managers module investors from their money. Then nobody seems to diligence.
Is privatized corruption somehow more ethical and good than corruption in the government?
Answers: It is not exactly correct that not a soul cares. I protection. And yes there are a great oodles over paid CEOs. Wagoner is by no resources the worst. Here are just a few others: Stanley O'Neil 22 million at Merrill Lynch. He does not work near any longer after Lynch posted a rather roomy multi-billion loss, but what the heck he still got his millions and as you would expect the stock holders got the shaft. But hang around, I am not done yet. Angelo Mozillo of Countrywide Financial 69 million. He may however wind up surrounded by jail and Bank America crisscross up with the company. Why they want it I enjoy no idea. Countrywide is facing multimillion surrounded by lawsuits. But Mozilio did haul away a truck nouns of cash. But linger, I am still not done. James Cayne 28.5 million as CEO of Bear Stearns. What about that? Richard Fuld 122.7 million as CEO of Lehman Brothers while the company racked up billions within losses. What a racket? Now for the granddaddy of them adjectives. Richard Fairbank 250 million as CEO of Capital One Financial. Oh well, at lowest possible the company is making money. Maybe what I should say is that the company is reporting that they are making money. There might be a corrolation between pay envelope scale and corporate production. The worse the performance the high the CEO pay.
Here is the best constituent. I just read somewhere that the average CEO retribution increased 15% this year. Nothing was said almost their perks. They probably increased 50%.
One CEO did direct to loose his job because of stock holders unhappyness next to his pay bag. Robert Nardelli of Home Depot. But wait, he get a $210 million severance package. Imagine that. Now he is CEO of Chrysler. Good luck Chrysler.
Yes, near is less of a public position. We entail the government, and when those within organization abuse that power it impact more people who rely on them. A greater crime, a greater sin
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"Rick Wagoner, CEO of General Motors Corp., announced more rapidly this month the company had to close four plants that trade name trucks and SUVs because of lagging constraint as fuel prices soar. That followed the posting of a $39 billion loss in 2007, a year when its stock price fell by around 19 percent, without adjust for dividends.
And Wagoner? His pay rose 64 percent, to $15.7 million."
http://www.sltrib.com/ci_9658343
If politicians be lining their pockets near taxpayer money like that. Then everybody would be up within arms. But when corrupt managers module investors from their money. Then nobody seems to diligence.
Is privatized corruption somehow more ethical and good than corruption in the government?
Answers: It is not exactly correct that not a soul cares. I protection. And yes there are a great oodles over paid CEOs. Wagoner is by no resources the worst. Here are just a few others: Stanley O'Neil 22 million at Merrill Lynch. He does not work near any longer after Lynch posted a rather roomy multi-billion loss, but what the heck he still got his millions and as you would expect the stock holders got the shaft. But hang around, I am not done yet. Angelo Mozillo of Countrywide Financial 69 million. He may however wind up surrounded by jail and Bank America crisscross up with the company. Why they want it I enjoy no idea. Countrywide is facing multimillion surrounded by lawsuits. But Mozilio did haul away a truck nouns of cash. But linger, I am still not done. James Cayne 28.5 million as CEO of Bear Stearns. What about that? Richard Fuld 122.7 million as CEO of Lehman Brothers while the company racked up billions within losses. What a racket? Now for the granddaddy of them adjectives. Richard Fairbank 250 million as CEO of Capital One Financial. Oh well, at lowest possible the company is making money. Maybe what I should say is that the company is reporting that they are making money. There might be a corrolation between pay envelope scale and corporate production. The worse the performance the high the CEO pay.
Here is the best constituent. I just read somewhere that the average CEO retribution increased 15% this year. Nothing was said almost their perks. They probably increased 50%.
One CEO did direct to loose his job because of stock holders unhappyness next to his pay bag. Robert Nardelli of Home Depot. But wait, he get a $210 million severance package. Imagine that. Now he is CEO of Chrysler. Good luck Chrysler.
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Yes, near is less of a public position. We entail the government, and when those within organization abuse that power it impact more people who rely on them. A greater crime, a greater sin
Resolved Questions: