Fairness

Why Dick Bove Is Wrong About Citigroup

<" In this scenario we surely would have witnessed a mass exodus of executives away from Citi. ">

Now that is just plain stupid!!!
Where exactly do you believe that mass of executives would go? Yes, that very same mass I'm talking about, the executives who brought Citi to the current bankrupt status. Exactly. Nowhere. Not anytime soon. Who'd want them anyway, after having destroyed the mighty Citibank? That anyone would still want them is just an aberration invented by the very same executives who were robbing investors silly until now. They just found a stupid columnist to believe that BS.
Brain wash is alive and kicking dear...

In Defense of Executive Pay Caps

Congratulations Alex, finally someone who can see through the smokescreen. Executives' lavish pay packages are nothing but an elaborate scheme to defraud investors. Our beloved fund managers who should manage our investments, are these CEO's high flying allies in this money grab fraud perpetrated nowadays at every public company. I absolutely welcome the government curtailing this abuse, although I believe Feinberg doesn't go far enough. Restrictions should be universal and way more drastic. What the CEO's are doing nowadays is nothing short of a sophisticated white collar crime fuelled by a wide conpiracy.

Thoughts on Executive Pay Restrictions

Cutting the executive pay is long overdue as their compensation packages got out of hand, to such extent that the practice now amounts to a real conspiracy against the investors. These exorbitant paychecks are not just absolutely outrageous, they are completely unjustified. The only justification for the scandalous pay is that everybody else does it. It is time to stop it now and forever.
Restrictions on the executives

The Banks' Real Story

Alan, you sound like one of those hired guns for the benefit of individuals at the top who caused this all financial mess, and I doubt you have investors in mind. Investors like me will benefit immensely from the departure of such huge risk takers for their own benefit as Andrew Hall and grossly overpaid executives who ruined thousands of solid companies, banks among them.
A general ban on outlandish salaries and CEO compensation would completely stop any exodus, and end the conspiracy at the top directed against the shareholders.
Government needs to curtail CEO power, that's the only way out. Then we'll have a balanced economy, solid companies working for the benefit of all of us: America, and not just to enrich those on the top to the detriment of shareholders.

Wall Street Breakfast: Must-Know News

Enough with that “performance” brainwash and false excuses! Pay caps should be more then excellent news to every shareholder: our company’s earnings distributed to us, and not robbed by greedy conspirators. That would be wonderful news to shareholders like me… Congress needs to be way more aggressive in reigning in these white collar criminals who drain company recourses and enrich themselves by maximizing risk taking and driving our companies into the ground.
I would have the executives BUY their own shares, with their own money, if they want to lead my company; hear me out, NO OPTIONS either, unless they buy it, well maybe a 10-15% discount as we all get in good times at the supermarket. That way, freed from the current risk-boosting "own-compensation-maxi... schemes, they would concentrate on making all of us richer, not just themselves.
Sure, as a shareholder, I can accept my company’s CEO getting rich that way, just share the wealth with me, the real owner.
YES! An absolute and resounding YES vote for "Pay Czar" here! The white collar highway robbery needs to stop now! Go Obama, don't be soft, and don't give in to the white collar criminal conspirators.