Comments on What Would Lloyd Say?: Greed: Not So Good

There's a lot of silly expenses that companies alw...

2009-01-31T14:18:00.000-08:00

There's a lot of silly expenses that companies always have to put up with but that the public doesn't usually see, like that office thing. And thats a stockholder issue, and if they don't police it then its their problem.

But until you can outlaw performance-based contracts its no good spouting off about "bonuses" (they're probably not really 'bonuses' at all, thats just Media shorthand for 'stuff *we dont think they should get'.)
I'm sure they are not paying any more than they are contractually obligated to do.

The issue is that GEO's have broken a trust when t...

2009-01-31T07:32:00.000-08:00

The issue is that GEO's have broken a trust when their companies fund bonuses with government funds. The monies were intended to open up credit for new homes, first time buyers, etc.
Adam Smith may have had a different solution than a bailout but these companies survived by being bought out. Their Boards should be more aware of how they survived bancruptcy

Very entertaining, Mr. Garver, but hardly helpful....

2009-01-31T06:51:00.000-08:00

Very entertaining, Mr. Garver, but hardly helpful. Churning the pot, and stirring everyone up, is fun, but it's not contributing to the solution. Okay, let's string up John Thain, Ken Lewis, the Big Three, et.al. Now, what do we do? We already have the mechanism for punishing CEO's ---Bankruptcy. Why not give that a try? Would it cost anymore than this mess already has, and will, cost us?