TOPICS:
DEC 28, 2004 03:38 AM
Looks like my dream job hjust opened up. All I'll have to do is work for a month or so, lose a couple billion dollars (shit I lose money all the time. between the cushions of my couch looks like Ft Knox) and I can retire. 
Sweet! 
Edited because I'm not too bright
[Edited on Dec 28, 2004 5:39AM]
DEC 28, 2004 05:35 AM
Fuck over a company while you're in charge and get rewarded. Only in the USA. 
DEC 28, 2004 05:36 AM
[Edited on Dec 28, 2004 5:37AM]
DEC 28, 2004 08:24 AM
Is this going to affect my student loans? It would be nice if they "lost" those. 
RACER_X
Philadelphia, PA
February 2003
DEC 28, 2004 08:29 AM
Luckily enough, i sold all my shares in Fannie Mae...at a nice profit.
RACER_X
Philadelphia, PA
February 2003
DEC 28, 2004 08:30 AM
Lord_Devlin said:
Fuck over a company while you're in charge and get rewarded. Only in the USA.
yeah , because you know there have NEVER been any other accounting scandals throughout recorded history until the USA came along to screw everything up....
DEC 28, 2004 08:54 AM
Racer_X said:
Lord_Devlin said:
Fuck over a company while you're in charge and get rewarded. Only in the USA.
yeah , because you know there have NEVER been any other accounting scandals throughout recorded history until the USA came along to screw everything up....
The "cult of the CEO" phenomenon does seem to be pretty much limited to the US. I'll have to go digging for hard figures, but the gulf between the pay of the CEO and the average salary at his or her company is far larger in the US than any other industrialized nation.
DEC 28, 2004 09:16 AM
geekgurl said:
Is this going to affect my student loans? It would be nice if they "lost" those.
Only if you own a house. But they're losing money, not paper, so really you'd just get double-billed the $200,000.
Bummer.
DEC 28, 2004 01:30 PM
Lord_Devlin said:
Fuck over a company while you're in charge and get rewarded. Only in the USA.
WRONG! We have that over here as well. "Here" being Norway in my case, but I know it applies for other European countries as well. The rule of thumb seems to be - the higher you rise, the softer you fall.
The companies sign insane deals with brand name CEOs that sound good on the stock market (that is to whoever happens to own the shares at the moment), and cannot throw the CEOs out when they fuck up unless the company pays insane amounts of money in "damages" to the CEO.
There is no fucking accountability. That is, unless you screw up in illegal ways so badly that you get caught and end up in jail.
On the other hand, for ordinary wage slaves, life is tough, as the big CEOs get rewarded for sacking more of us every business year, even if the company shows record profits. Apparently the stock market goes crazy when a company announces a downsizing - and the bigger, the better. And the stock market is the god of their world.
Christopher
Portland, OR
November 2002
DEC 27, 2004 11:15 PM