On 2 Jan 2006 15:00:03 -0800, "kurgan"
wrote:
snip
The corporate slobs are doing exactly what the investors want: Make
the most money by all means possible.
snip
The investors better check their wallets (and their watches,
rings, etc.). Corporate management stopped declaring dividends
years ago. Ask GM, Ford, airlines, kmart, etc. etc. stockholders
how their shares are doing.

The corporations have been hijacked by the managers who are
riding off with the boodle bags crammed full.

One example of this is that when the defined benefit pension
funds must be shown at actual cost [i.e. projected liabilities
less current assets] rather than as an asset when some outrageous
return on the assets under management (9.5% anyone?) is assumed
General Motors Corporation has no stock holder equity. Takes
effect in 2006 I believe.

"Management" may have been lip-syncing the song the shareholders
wanted to hear, but that's all it was. More moonbeams, cobwebs
and derivatives.

"show me the money"

Uncle George