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Old 12-30-2002, 11:32 AM  
Webby
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Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
Charly:

*Some of the CEOs of some US companies should be in prison. *

Agree with ya - that ranges from insider dealing to blatant "I'm taking $1.5M cos I need a new boat". Reckon the list would include:

"Kenny Boy" and an assortment of co- conspirators at Enron, the hierachy at WorldCom, about 5 major legal practices, same in "accountancy" (least that's wot they claim to be), 30 Wall Street operations, about 350 "has been well-known" dot com management teams, about a 1000 plus other not so well noticed fraudulent corps and the SEC for their involvement in allowing this.

Of course there will be no jail time for the vast majority - that is reserved for some shoplifter and not folks who swindle billions.

Ironic when ya look at Bush - in many countries he would be still sitting in a jail cell for his role in Harken Oil where courts don't listen to naive excuses he has used to explain away his "problems". There is no way Bush would be within 100 miles of the "Whitehouse" of any other western country with his track record.

Other side of the coin.. there are many decent CEO's included in this who actually have served and achieved a performance for both corps and shareholders and they are entitled to a sensible renumeration. Suppose you could include Walsh in this category.


PornBroker:

*Bad CEO's paid too much? *

DUH? *lol* Yup - I agree! Hell they should not have been paid at all! For funds and salaries they "removed" outta the corps for 2 years prior to their demise, they should be held personally liable for, bankrupted and imprisoned. All proceeds going to those they blatantly swindled.

Many of these guys may have an entreprenerial flare (great asset!), but they ain't straight - just common thieves and liars who have bled a spectrum of investers outta billions using false accounting and phony information.

Unfortunately the culture breeds greed and adoration of that greenback - so can't see there will be any changes in 2003

By the way.. when are Lay, Kozlowski et al going on trial?? Or is that a "wer'e working on it" syndrome?
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