Tricky

Tricky
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  • Wall Street Breakfast: Is Japan Running Out Of Options?  [View article]
    Feckless -- probably because there isn't the same "agency problem" that Guardian articulated immediately above, or the same "stack the Board" issue that both of us called out.

    As to why society values these entertainment activities that enable this kind of compensation for athletes, musicians and actors... well, that's a whole 'nuther kettle o fish
    Apr 8, 2016. 12:53 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Is Japan Running Out Of Options?  [View article]
    Will you accept Monopoly money or TrickyCoin as payment?
    Apr 8, 2016. 11:24 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Is Japan Running Out Of Options?  [View article]
    Yes, understanding the details is important.

    Those details include vast compensation despite underperformance against competitors, or making the company "bigger" thru value destroying M&A.

    The details also include the systematic stacking of the Board of Directors with other CEO's who keep voting for the one-way ratchet in comp, often with little to no accountability for performance.

    In one of my former lives, I dealt with a lot of CEO's/senior execs of some of the world's largest corps. Sure, a lot of them got to those positions because they really were talented. But a lot of them got to those positions solely on the basis of skill in corporate politics.

    The biggest mystery to me is why large shareholders tolerate it.
    Apr 8, 2016. 10:50 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Is Japan Running Out Of Options?  [View article]
    There are good paying jobs if you majored in something employable
    Apr 8, 2016. 10:41 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: Is Japan Running Out Of Options?  [View article]
    CEO compensation is one topic where folks from across the political spectrum really ought to have common cause. To the degree that such comp is "egregious", it robs shareholders, not just workers.
    Apr 8, 2016. 09:55 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Is Japan Running Out Of Options?  [View article]
    Blueline - yah, I wouldn't even buy 30-day bonds from Greece
    Apr 8, 2016. 09:50 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Is Japan Running Out Of Options?  [View article]
    The most important feature of Fortune 500 CEO compensation is to have a one-way ratchet where comp goes up even if the company underperforms the competition, in the name of "we have to stay competitive w/ pay in order to keep valuable talent".
    Apr 8, 2016. 08:51 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: Is Japan Running Out Of Options?  [View article]
    I blame Jon Corzine's teacher ;-)
    Apr 8, 2016. 07:43 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Is Japan Running Out Of Options?  [View article]
    Given Argentina's well-established history of defaults, all I can say is "don't buy any long bonds"
    Apr 8, 2016. 07:38 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Following Fed, ECB Minutes Next  [View article]
    Sounds like this is an issue close to your heart. I won't pry into why. It is close to mine as well.

    Mental health issues run a very wide gamut. Yes, some unfortunate souls must be institutionalized, against their will, for their own good and/or protection of society. And hopefully that care is humane (not something mankind did well at for most of recorded history).

    There are many others who are better off "in the community", provided they have adequate support, especially if loved ones are willing and able to do so. AND it can be more cost effective.

    No one size fits all solution here, it's patient by patient. But it all costs money. Unfortunately, a LOT of money. And getting worse as society ages and things like autism wreak increasing havoc.
    Apr 7, 2016. 11:28 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Following Fed, ECB Minutes Next  [View article]
    Okay, so you want to talk about the Community Mental Health Act of 1963 (CMHA). This is my first encounter with the topic. What about it would you like to discuss?

    JFK pushed an ill-conceived and ill-funded idea? Conceded. Okay, that covers 1963.

    Let's talk about what has happened since 1963 with funding for mental illness. Who has been championing it vs. fighting it since then? Don't forget to include the state level, as well as the federal level.
    Apr 7, 2016. 11:09 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Following Fed, ECB Minutes Next  [View article]
    I'll take a little bit different tack on this. It's a perfect example of good intentions leading to unintended (?) consequences.

    Yes, I'd like our educational finance system to enable students of sufficient talent and motivation to have an opportunity to get a college education, particularly for something useful that will make them employable and they'll actually get a positive return on the investment.

    But per usual, we've taken it too far. We've turned this into a system where the suggestion that a (often highly lucrative) vocation as a better path than going to college and majoring in medieval French poetry is [pick your "-ist" word]. If we want to learn from "enlightened Europe", how about learning from the German apprentice system? If we're heading toward a world of high-tech robotization, they're looking pretty good re: preparedness for that future. The world doesn't owe you a living to study or teach medieval French poetry.

    I look forward to the angry retorts from medieval French poetry majors.
    Apr 7, 2016. 09:01 AM | 13 Likes Like |Link to Comment
  • Wall Street Breakfast: Inversion Curbs To Kill Pfizer-Allergan Deal  [View article]
    The social security crisis was created at its very beginning, when it was set up as a pay-as-you-go system
    Apr 6, 2016. 08:56 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Inversion Curbs To Kill Pfizer-Allergan Deal  [View article]
    Al Roman wins the Internets today, LOL
    Apr 6, 2016. 03:48 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Inversion Curbs To Kill Pfizer-Allergan Deal  [View article]
    Norway also has a tremendous natural resource that makes all those goodies possible. While they are certainly to be commended for being wiser than any other net-oil-rich country, it's not like any other western country can simply "copy-paste" what they're doing.
    Apr 6, 2016. 01:53 PM | 6 Likes Like |Link to Comment
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