Merril Lynch CEO wants 10 mill bonus

Check your PMS

 

Seems to me you want to take key management functions from the BOD and give them to shareholders. I don't think it's a good idea to turn the executive team into American Idol. Let the Boards decide when a manager should be removed and hire the replacement. Stockholders are not qualified to make these decisions, by and large.

 

Most companies are doing okay. The banks and the auto industry are in the worst shape. There are some other companies who are cutting some jobs, but nothing really serious. If the majority of boards were as bad as you imply, we would be having a lot worse economy than we already have.

 

Most stockholders will not consider things like the scarcity of qualified managers and the reputational risk executives take, and will only focus on the bottom line comp number. Legislating stockholder approval of executive comp is a knee jerk do nothing soloution. All such a move will do is increase the Treasury stock held by the corporations to prevent any shareholder majority.

And the most blatant fact you are ignoring is that shareholders already have all the power. No one is forcing them to own the stock. They can just sell it. The market will fix the problem. There is no need to constrict the free market with legislation that does nothing.

Now who is being obtuse.

 

I just love it when Liberals and their supporters always go after CEO's and the private sector.
Don't get me wrong, I am not sticking up for the private sector or CEO's here.

I just want to point out how much money politicians, big government gets away with and they get away with it in most cases.
Hey, what do you expect since this country is clearly going socialism.
I'm not blaming just the Liberals either, George Bush is the biggest Liberal of them all if he bails out, nationalizes the auto industry with the Libs in congress.
Like i said before, the airline industry is probably next and then the health care industry, socialism is on the way.
I'd like to know how this country can afford spending all this money we don't have?

It seems to me the same old people who trash the private sector totally ignore government corruption and big government.

Before you think you are going to get me in some great debate over here.
Don't bother, the writing is on the wall.
Liberals brainwash kids through the school system and at the grass roots level.
They have won on every level and the republicans have helped them by acting like liberals.
sick!

Then you have the problem I've always warned people about here and other places.
The government has gotten to big, corruption, there is no way to get the government growth and spending under control.
Thats what I see ahead, run away govenment and debt!
Everyone talks about CEO's and the private sector but totally ignore the worst problem, the government!
Congress can screw everything up, they can be the worst people in the world to tell people how to run business.

The country is going down the toilet.
Nationalization baby!

 

One more thing...
Before you say that things aren't what I claim.
Congress is going to give money to the big 3 only if they make cars as congress instructs them to do, I believe this is correct?
Congress has screwed things up time and time again, ethanol, Fannie May and Freddie Mack, they are going to start running the car business and health care in the future.
I call that nationalization as well as scary!

There is no guarantee people will want to buy these cars.
Giving this money to the big 3 is only the beginning not the end regardless of ones opinion.
It will really amaze me if the size of government don't scare most people because government will do nothing but get bigger
and become more powerful.