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Corporate executives

TSR

Well-known member
Did anyone watch Lou Dobbs last night?? The CEO of Countrywide (I believe) was just getting 87 million in severance pay providing Countrywide was sold. They said the stock of Countrywide had dropped from $65 to $5 if my memory serves me right. And people want to gripe about workers organizing to try to better themselves???? Geesh
 

Mike

Well-known member
Stockholders should stand up and raise hell.

Except when the shares are like Tyson's stockholders which have no voting power. The Tyson family holds all the voting shares.

Should be against the law.
 

Steve

Well-known member
The CEO of Countrywide (I believe) was just getting 87 million in severance pay providing Countrywide was sold.

Just like a bad marriage,..cheaper to keep her...

last I heard this morning he is staying on for the time being...

Bank of America might have a better plan... like him resigning.. or let him take the fall he should, for the position he put the company in...

If I was him I'd be looking for a nice little country to hide at,.. because from what I read, that while he wasn't actually fraud,.. he bordered on it, and was dis-honerable and unethical... and in civil courts that plays well with the common folk that can't get out of jury duty...
 
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