Re: the Stock Market, greed vs tangibles
I don't think we should talk about upper management and the stock market without mentioning short selling. Short selling, being the most illegal - legal stock market practice going, is the root cause for the majority of our current issues.
But with all the negative talk about CEOs I wish more could be like John Mackey, the CEO of Whole Foods. His yearly salary was cut to $1 to affirm his commitment to the company. Granted he makes a hefty compensation, it is reassuring to see someone in the business for a tangible besides money.
Things could be seriously worse in the States too... We could be like Iceland who is pleading with Russia to buy out their ailing credit structure. 5 Billion dollars is a nice gift to get from a neighbor.
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