Truly mind boggling.I have less and less to say about the high paid swindlers on Wall Street because words cannot express my feelings about the stupendous business and government scams being thrust upon us.Enraged is mild compared to what I am actually feeling.

Accountability needs it's own section in the Constitution.

Ok, Zach... "now for something completely different:"

Those with a golden parachute obviously have a contract. (enuf said) Those without jobs are going to try to find work... somehow... and are not exactly going to have a skill set outside of financial services. So what you're really saying is "how dare they accept the terms of their legitmate contracts," which i don't have... "how dare they spend their money as they wish," when i can't... "how dare they try to make a living," and "don't they have any shame?"

Well, to the last, apparently no...

So let's take a look at what aspects of corporate governance are offending us. CEOs, like the POTUS or even a church committee chair, are going to surround themselves with friends and those who think like they do... so if CEO-A is on Company-B's board, CEO-A likely will seek to put CEO-B on his board. CEO-B may say to that board, "if we really want to keep this smart, outstanding person, then we need to sweeten the pot with a golden parachute, lots of perks, stock options, fat salary, etc." so as not to lose him/her to Company-C; and notes that tying those sweeteners to performance is a tricky business during "precarious times" blah, blah. CEO-B then puts CEO-A on his/her board to insure similar treatment.

Company-A's stockholders try to influence the Board's compensation committee, but, let's face it, how many stockholder proposals are ever passed... How many of you have ignored even voting in annual meetings... afterall, you're very busy people, too, and know how outnumbered you are.

I'm telling you nothing new... but I would be interested in hearing effective and realistic proposals which you might have to overhaul corporate governance... proposals which don't drive the talent we do have out of the country... because I'm stumped

Hey United Auto Workers - see what happens when you don't make wage concessions? I want my hard earned taxpayer money back NOW! Perhaps tax payers should file a lien against all of that NY real-estate.

What did anyone expect? That the robber barons were going to put on sackcloth and ashes? Get real. Money makes the world go 'round. He who has the gold makes the rules. Wanna hear another one?

I didn't double-post. I swear. It's the software gremlins.

well, Dave... offhand I'd say that, yes, some of these people were grossly negligent, and, yes, some were various degrees of greedy, and, yes, some may have been hopelessly self-absorbed... while others got over their heads... but stupid? hardly

yet, somewhere along the line, this country lost its moral compass, but not just in business. we've seen it in politics (don't get me started)... in the general acceptance among students to cheat... in our churches (from the volunteer secretary who embezzles small sums for years to the sexual escapdes of preachers on a monumental scale)... in the aeronautics/space manufacturer which wants to save 13 cents on Columbia's o-rings... in the labor leader who steals from the union coffers... to the kids who beat up homeless people... in the insurance company which won't cover "a previous condition"... and on and on.

most of us figured those were someone else's problems... until one day we woke up and found out that they all are costing us (money and otherwise). so we're each sitting around now with a black eye (for our negligence and indifference), and I'm asking, what do we propose to do about the situation in which we find ourselves?

Perhaps corporate law could be re-written such that boards are actually responsible for the well being of the companies. Writing up a contract whereby a person gets a $25M parachute JUST FOR TAKING THE JOB does not sound to me to be in the best interests of the company.