Merril Lynch CEO wants 10 mill bonus

Discussion in 'Free Speech Alley' started by LSUMASTERMIND, Dec 8, 2008.

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  1. Andouille

    Andouille Guest

    Maybe we should do away with the Board of Directors and executive management.

    Just because someone owns some stock does not mean they have the ability to make important financial decisions for a company.

    If shareholders don't like the way the company is run they can vote with their wallets.
     
    Andouille, Dec 8, 2008
    #11
  2. Bengal Buddy

    Bengal Buddy Founding Member

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    I agree but I fear we will never see that.
     
    Bengal Buddy, Dec 8, 2008
    #12
  3. Bengal Buddy

    Bengal Buddy Founding Member

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    Getting rid of management is not the way to go.
     
    Bengal Buddy, Dec 8, 2008
    #13
  4. LSUsupaFan

    LSUsupaFan Founding Member

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    Stockholder's do not know enough about executive compensation to make such decisions. If they don't like how their companies executives are compensated they should invest somewhere else.
     
    LSUsupaFan, Dec 8, 2008
    #14
  5. Andouille

    Andouille Guest

    Good point. I don't know what I was thinking.



























    It's almost as if I was being sarcastic.
     
    Andouille, Dec 8, 2008
    #15
  6. red55

    red55 curmudgeon Staff Member

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    Neither do these CEO-appointed boards who are not doing their jobs to keep the executives in line. Stockholders OWN the friggin company and have the least say in how it is managed.
     
    red55, Dec 9, 2008
    #16
  7. LSUsupaFan

    LSUsupaFan Founding Member

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    That's because most stockholders are not managers and have no clue on how to run a company.

    Sarbanes Oxley requires all public companies to have a financial expert on the board, and most board members are well qualified to serve in the capacity, and independent of the managers they oversee... especially post-Enron.

    Most BODs do a great job.
     
    LSUsupaFan, Dec 9, 2008
    #17
  8. red55

    red55 curmudgeon Staff Member

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    Who is talking about running the company? I'm saying that executive compensation should be one of the things that always require a proxy vote from the owners. It still the most effective way for owners to signal their satifaction or displeasure to their managers.

    I cannot agree. A few do a great job but most are barely adequate, IMO.
     
    red55, Dec 9, 2008
    #18
  9. mobius481

    mobius481 Registered Member

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    Well they certainly do a better job than a $50,000 a year dental hygienist with no business experience who owns 125 shares of merrill lynch spread across three mutual funds in an IRA worth $250,000.
     
    mobius481, Dec 9, 2008
    #19
  10. SabanFan

    SabanFan The voice of reason

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    Haw many are you familiar enough with to make that kind of sweeping statement.
     
    SabanFan, Dec 9, 2008
    #20
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