Depends on whether they had insider information and used it to their advantage.Just curious, is anyone who owns stocks or buys & sells stocks a filthy greedy bastard ??
Depends on whether they had insider information and used it to their advantage.
Do not recall the management or board of ENRON losing much. It was the little guy who lost it all!
what is your answer to this?You know, I have seen a few public companies go under, I even owned a few shares from 3 different companies that went under.
What I have yet to see is, when the CEO and other board members walk away with nothing, unlike the shareholders do !
what is your answer to this?
My answer is "Life ain't fair!"
Sure the heck doesn't seem right.
When an individual owns a business, he/she is the CEO, BOD and the shareowners and they seem to suffer equally.
That was a fine theory, way back when the anti-trust laws weren't so watered down.
Reality has it, in big business/corporate America, the pecking order should be much different than you have outlined.
The tip of the iceberg listed in blue.
I still say the CEO's and board members salaries should be capped. Lets say at $5 Mill per year.
That's the price to pay for going public ! (Duh, it's public money) !!!
If it's a private held company - they can earn as much as they want - it's their own company !
That's my solution to all this greed !
Ultimately, reform isn't going to cut itWe have a minimum wage, why not a maximum. But if that cannot be implemented , maybe the top salary could be indexed to the lowest so that it cannot be more than say 5 times what the lowest makes!!
The leagues and their unions agree to salary caps. The government does not implement them.They put salary caps on pro sport teams, can't see why not it wouldn't work elsewhere.