Comments on: Highlights from CEO Pay Hearing Today

By: Judy

Judy — Sat, 08 Mar 2008 14:07:46 +0000

It doesn’t matter how much education anyone has when it comes to investing with any company. If you are not priviledged to be a part of the “inner circle”, then none of us know what is going on behind closed doors with the “select” few. The banks were the “enablers” of this housing mess and they knew that this fraud would not be sustainable. Everything these days seem to be “short term profits” for businesses who scam the public. No doubt, alot of people in business got very rich from this short term mortgage run, but as usual, the public is left with the disasterous consequences of big business greed. How much more of these type of scams can this country stand?? I too am a witness to the corruption in big business and those at the top do not care about those at the bottom. I had to leave my job because unscrupulous behavior is condoned all the way to the top. It is hard to compete in the workforce with liers and cheaters who are incentavised by upper management who refuse to see the truth of what is actually going to collaspe eventually.

By: Drew in Dallas

Drew in Dallas — Fri, 07 Mar 2008 21:01:51 +0000

“Merrill Lynch gave a $161.5mn pay package to O’Neal after the firm’s subprime losses led to his ouster in October. ”

Let’s put this in perspective:

He was fired because he did a lousy job and they paid him $161MM to go away.

I think most of us will agree $161,000 per year is a nice salary.

It would take a person making $161,000 1,000 years to earn $161MM.

I am a capitolist and a conservative, but that’s a little rediculous.

By: alyse

alyse — Fri, 07 Mar 2008 19:52:17 +0000

Shame on us as consumers, not be more educated, aware and skeptical of what people/companies offer us. They play us for fools and we walk right into it. I have several friends that are in the process of loosing their homes to Countrywide. Countrywide is not working with them-in any way to save their homes.

We must educate people, make them aware and perhaps follow our parents footsteps and quick looking for the quick fix in fuzzy numbers.

By: Nina

Nina — Fri, 07 Mar 2008 19:00:38 +0000

Shameful behavior of business leaders, their greed knows no limits…

By: Gary Smith

Gary Smith — Fri, 07 Mar 2008 18:56:20 +0000

A pubic company is exactly that: PUBLIC but these CEO’s act like it is a private company.

any officier in a public company should not be allowed by law to have any stock options. he or she is paid to run the company and they should have a base pay and then be paid a bonus in cash based on performance of the company.

as long as they continue to receive all these free stock options,the stock holders who actually bought the stock will get screwed!!!!!!!

This is why i invest in Real Estate……….