View Single Post
  #6  
Old 10-08-2008, 06:24 AM
MosportGreen66's Avatar
MosportGreen66 MosportGreen66 is offline
Yenko Contributing Member
 
Join Date: Nov 2002
Location: NY, NY
Posts: 8,710
Thanks: 1,086
Thanked 1,021 Times in 456 Posts
Default 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.
__________________
Follow me on Instagram: https://www.instagram.com/mbcgarage/
Reply With Quote