09-23-2007, 10:06 AM
I agree it's all about greed and self interest. However, let's break it down here.
Why do some CEOs, CFOs and CIOs make such healthy salaries, get huge bonuses and have their 4th vacation homes in Key Largo?
Because they can! This is capitolism at it's best! These positions are negotiated up front when corporate execs are tapped by the board to run these corporations. I don't begrudge anyone who had shown the talent, wherewithall or just plain "craziness" to get to a position like this. This is certainly not where I'd want to be.
Now...it's well known fact that corporations have a fudiciary duty to their shareholders. Lawsuits have been filed against corporations who have breached these duties.
Example...
"LOS ANGELES (AP) - Two Hilton Hotels Corp. shareholders are suing the hotel operator, claiming its management and directors breached their fiduciary duty to stockholders when they agreed to sell the company to a private equity firm for $20.1 billion, a figure the shareholders contend is too low."
So...if I own stock...or have a mutual fund...or some type of retirement account that is funded by the market...does this make me a "Greedy American?"
I really don't feel like working my whole life. I'd like to be able to retire some day, enjoy my paradise and save money by paying less by shopping at a SuperWal-Mart, SuperTarget or any other SuperMegaGiantHybridStore that is available to me in the future because of LESS GOVERNMENT REGULATION!
God Bless America!
"What? Me Worry?" - Alfred E. Nueman
Why do some CEOs, CFOs and CIOs make such healthy salaries, get huge bonuses and have their 4th vacation homes in Key Largo?
Because they can! This is capitolism at it's best! These positions are negotiated up front when corporate execs are tapped by the board to run these corporations. I don't begrudge anyone who had shown the talent, wherewithall or just plain "craziness" to get to a position like this. This is certainly not where I'd want to be.
Now...it's well known fact that corporations have a fudiciary duty to their shareholders. Lawsuits have been filed against corporations who have breached these duties.
Example...
"LOS ANGELES (AP) - Two Hilton Hotels Corp. shareholders are suing the hotel operator, claiming its management and directors breached their fiduciary duty to stockholders when they agreed to sell the company to a private equity firm for $20.1 billion, a figure the shareholders contend is too low."
So...if I own stock...or have a mutual fund...or some type of retirement account that is funded by the market...does this make me a "Greedy American?"
I really don't feel like working my whole life. I'd like to be able to retire some day, enjoy my paradise and save money by paying less by shopping at a SuperWal-Mart, SuperTarget or any other SuperMegaGiantHybridStore that is available to me in the future because of LESS GOVERNMENT REGULATION!
God Bless America!
"What? Me Worry?" - Alfred E. Nueman
"Vote with your money!"