Comments on: A Stock Market Rebound?

By: The Maverick

The Maverick — Wed, 18 Mar 2009 15:46:46 +0000

The execs were entitled to their bonuses by contracts made before the feds put in any money. Ergo, before their blunder went haywire. The company couldn’t unilaterally break its contracts even if this would mean having the entire company in jeopardy? Moreover, what “quality” of management is talked about here? The mere thought of this makes my nosebleed.

I wonder if the phrase “corporate governance” has come to mind…

By: Danny

Danny — Tue, 17 Mar 2009 17:27:41 +0000

Exec.s have always been overpaid. I worked in 2 fairly large corp.s where all of them were paid six figures. I wouldn’t have given a nickel for the lot of them. All they ever did was drag us into meetings and repeat cute quotes from various dead guys. 4 cups of Starbucks coffee couldn’t stop the yawning and glazed over eyes in the room. Too much anger directed at AIG over the bonuses. Congress knew about this when the $ was given and no one had the foresight to stop them. The real culprits are the folks who supported this bailout and not AIG.

By: Dirk W. Sabin

Dirk W. Sabin — Tue, 17 Mar 2009 17:01:26 +0000

One wonder’s exactly where the Stockholder is in this debate. While the government and media natter away like paper tigers, the stockholder remains mute, having nothing to say about the executives in charge of burning the Bucintoro to the gunwales.

By: Dennis

Dennis — Tue, 17 Mar 2009 10:14:25 +0000

Better keep that flag in top, as 1. what we see now is just a dead cat bouncing nicely and 2. time goes much faster now then 80 years ago, as we have a globalised world…So…the recent lies of Bernanke and Citibank will be unmasked sooner then we all think (or hope for ha!! ha!!)

By: NIck

NIck — Tue, 17 Mar 2009 01:44:18 +0000

I find it strange that investors are so keen on American Treasuries when its income comes from the companies these investors are ignoring.
As for outrageous executive salaries and bonuses the mere attempt to justify them
by the AIG President suggests he has no idea about managing or who he is managing for. I say put a limit on executive remuniration in the public arena and let them concentrate on managing the company and not fleecing it. For those who think they are worth more there is always the private sector.

By: MyLessThanPrimeBeef

MyLessThanPrimeBeef — Mon, 16 Mar 2009 19:48:02 +0000

Investors thinkging that by paying executives more, they will get more productive executives is not that different from consumers thinking the more expensive the French perfumes the better they are.

And while it’s a customary thing to do over there, the Chinese should hold off executing those who approved those underwaer equity purchases, for those guys are no worse than Warren Buffett, who, I am pretty certain, still can command $1 million per private lunch in China, even after the Sage’s recent ‘falling knife catchin’ acts. Perhaps this modern Sage thought those knives were from Heaven as another sage, the ancient sage they called Confucius over there, who, upon hearing Qin music, thought it was sent from Heaven and promptly stopped eating meat (or just simply stopped eating, period, in other accounts) for a whole month over this joyful event.