On Sun, 28 Aug 2005 16:35:54 GMT, "John R. Carroll"
wrote:
"Robert Sturgeon" wrote in message
.. .
On Sat, 27 Aug 2005 17:22:50 -0700, Stuart Grey
wrote:
Jim Stewart wrote:
Cliff wrote:
http://moneycentral.msn.com/content/...0.asp?GT1=6820
[
The 5 most outrageously overpaid CEOs
Here's the pantheon of execs whose paychecks soar while their
companies suffer.
Good list, can't disagree. Now how about
finding us a list of the 5 most over-paid
civil servants?
These are examples of how the laws allow a conspiracy to plunder the
company.
Can you give some specific example of this behavior
(plundering a company)? It's easy to claim it happens. I'd
like to see an example, with the name of the company and
what it is the evil executives are supposed to have done to
it.
These have either gone or are going to jail except for Lowell Milken. Mike
went for him.
Dennis Kozloski, Tyco. Theft. Fraud, Conversion.
Tyco is still in business.
Bernie Ebbers, WorldCom. Theft. Fraud, Conversion.
WorldCom was a fraud from the getgo - pure vapor. It would
have been gone regardless of what the execs did.
Michael Milken and his brother Lowell, Drexel Burnham. Perjury, conversion,
Fraud ( Trade Parking )
You can also easily search on the following for details.
Jeffrey Skilling, Enron.
Kenneth Lay, Enron.
Ivan Boesky, various closed funds.
Thomas Case, Global Crossing Ltd.
Joseph Perrone, Global Crossing Ltd.
Dan Cohrs, Global Crossing Ltd.
Sir James Goldsmith, Various, but his run at Good Year is a classic example
of greenmail.
Ronald Perlman, another green mailer. He did end up with Revlon in the end.
Over the years Robert, there have been literally hundreds of instances.
That's quite a list, but you haven't detailed what they
actually DID. Did any of them ruin a company by stealing
from it?
What were the examples of "green mail"? How did that work?
I'm NOT saying there hasn't been some bad behavior. I'd
just like people to be a little more exact, rather than
throwing out wild claims without any explanation of what the
crimes were supposed to be.
I don't particularly trust Fortune 500 executives, and I
doubt they really run the companies strictly for the benefit
of the stockholders, as they should. But to say, for
example, "Dan Cohrs, Global Crossing Ltd." as if that's
supposed to mean anything, is a bit much. Who is Dan Cohrs,
and what did he do to Global Crossing?
--
Robert Sturgeon
Summum ius summa inuria.
http://www.vistech.net/users/rsturge/