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gwynfryn

gwynfryn
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  • Bank Of America - High Margin Of Safety, High Return Potential [View article]
    There was, back in the fifties and sixties, when CEOs typically paid themselves about 5 times what a production worker got (which was an acceptable differential back then, so why not now?) and top earners were taxed at 98% on a part of their salaries, and most people who wanted to work, were able to do so. Whatever it takes to make an economy really work, 200:1 salary differentials, and low tax rates for all, are not a part of it...
    Apr 18, 2015. 11:50 AM | 1 Like Like |Link to Comment
  • Bank Of America: The First Quarter Wasn't A Hit, Get Over It [View article]
    A very good point; I used to try the same argument when my projects overran the management specified deadline, but it never got me anywhere. Strangely enough, whenever I finished well ahead of time, that was my fault, too...
    Apr 18, 2015. 11:35 AM | Likes Like |Link to Comment
  • Bank Of America: The First Quarter Wasn't A Hit, Get Over It [View article]
    Whatever, 34% going to executives, whilst non-managers get less than 0.005 of those salaries, is way too high. They are hired hands, not owners, and it continuously amazes me that the general populace have been brainwashed into accepting such excessive salaries! This is the fall of the Roman Empire, all over again, but people continue to ignore the lessons of history...
    Apr 18, 2015. 11:33 AM | Likes Like |Link to Comment
  • Bank of America declares $0.05 dividend [View news story]
    I'm not sure I can stand the excitement...
    Apr 18, 2015. 11:22 AM | 2 Likes Like |Link to Comment
  • BofA reportedly settles forex class action suit [View news story]
    I like the idea of them cooperating with prosecutors, against each other; set a thief to catch a thief...
    Apr 18, 2015. 11:21 AM | Likes Like |Link to Comment
  • Bank Of America: Don't Over-Analyze Results [View article]
    Do you really expect competent government, DW, when this oh so wonderful thing called democracy allows idiots to vote?
    Apr 18, 2015. 11:18 AM | Likes Like |Link to Comment
  • Bank Of America: Don't Over-Analyze Results [View article]
    Oooh; look at that: a flying pig! Recent history shows that, while stock price is (too) frequently used to "justify" pay rises, the reverse hardly ever happens.
    Apr 18, 2015. 11:16 AM | Likes Like |Link to Comment
  • BofA: Room for more cuts in compensation [View news story]
    After decades of being bombarded with propaganda about the "desirability" (?) of minimising labour costs, I do believe this is the first time I've seen a reference to (the increasingly extravagant) "compensation costs"! Why do they call it compensation, anyway; do they really think the poor dears would really rather be doing something else? The idea is every bit as daft as the notion that CEOs should be rewarded on the same scale as entrepreneurs!
    Apr 18, 2015. 11:08 AM | Likes Like |Link to Comment
  • BofA: Room for more cuts in compensation [View news story]
    You can't, YJ; the same people who collectively awarded themselves ever more ridiculous salaries, ratcheting them up at every drop of the hat, over recent decades, are hardly going to loosen up the control they've acquired! However much they may compete and squabble among themselves they will, nevertheless, like any regiment, close ranks when threatened with an outside enemy. This is how we ended up with such huge inequities.
    Apr 18, 2015. 11:04 AM | 1 Like Like |Link to Comment
  • BofA: Room for more cuts in compensation [View news story]
    To be fair, Ic, he did take a pay cut recently, but only from a ridiculously high salary, to a slightly less ridiculously high salary. Why do you care about "industry standards" when all these people are being paid way more than any one person can really be worth?
    Apr 18, 2015. 10:59 AM | Likes Like |Link to Comment
  • BofA: Room for more cuts in compensation [View news story]
    So what MWO? It's not as if he's short of cash, nor is anyone else who's found work as even a junior executive, in this age of ever more ridiculous top level salaries.
    Apr 18, 2015. 10:55 AM | Likes Like |Link to Comment
  • ALU hit with post-merger downgrades; NOK gets mixed reaction [View news story]
    They could do that with ALU's undersea cabling, too. If only Microsoft were interested in the latter...
    Apr 18, 2015. 10:00 AM | 1 Like Like |Link to Comment
  • ALU hit with post-merger downgrades; NOK gets mixed reaction [View news story]
    I think you're right Sep, and if the deal doesn't go through, then I'd expect both SPs to recover anyway, so there's plenty of upside to buying ALU. The puzzle is, why are so many bailing out? I think I need to know a lot more about what Nokia is planning...
    Apr 18, 2015. 09:54 AM | 3 Likes Like |Link to Comment
  • Nokia And Alcatel-Lucent: What Will The Future Hold? [View article]
    A very important point which appears to have been overlooked is, that if Michel Combes had not convinced Nokia to buy the whole kit and caboodle, he would have been left running a much smaller company. What, I wonder, would this have done for his salary and stock options? At this stage, we can only speculate how he'll get on within Nokia, or even if he'll stay; don't be surprised if it turns out he's already accepted a better offer...
    Apr 17, 2015. 09:46 AM | 2 Likes Like |Link to Comment
  • ALU hit with post-merger downgrades; NOK gets mixed reaction [View news story]
    So anyone who's confident Nokia's SP will grow with time, could consider that, if they buy ALU shares at this price, they are really buying Nokia at a discount? A good idea if it works out, but...
    Apr 17, 2015. 09:32 AM | 3 Likes Like |Link to Comment
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