On Tue, Oct 7, 2008 at 12:29 PM, Loathe <[EMAIL PROTECTED]> wrote: > However he faced angry questioning from the committee's members. Henry > Waxman, a Democrat, asked: "Your company is now bankrupt, our economy is > in crisis, but you get to keep $480 million (£276 million). I have a > very basic question for you, is this fair?" > > Mr Fuld said that he had in fact taken about $300 million (£173 million) > in pay and bonuses over the past eight years.
I am definitely against the government interfering with how much executives get compensated. That's really up to the company. However, this is insane... I really wonder what type of measurement could be made on corporate responsibility to it's shareholders aside from share price? I mean it looks here as if there is a serious need that's not being met. Someone needs to come up with a metric to measure ridiculous behavior by a company so that shareholders can look at that measurement. I'd say that potential employees looking to work for a company would be interested in that too. I mean - I have worked in the past for a giant company that made really dumb decisions of great magnitude, and once I realized that was the case I quit and found a new place to work. I'm all about letting companies make those bad decisions, but it sure would be nice to have a way to measure that in a nice concise, easy to understand number.. -Cameron ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:272841 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
