Worse then Franke.....
- Thread starter zflygrl
- Start date
Dog Wonder
Veteran
The downfall of Soviet Socialist bloc was the elite separating themselves from the working class. The elite took what they wanted and the working class got what was left over. Don't forget it was Solidarity, a trade union, leading the charge to end that nonsense.
Now we have the capitalist elite acting like the former socialist elite. Their defenders attack unions instead of seeing how greed has corrupted capitalism, just like it did socialism.
BeenThereDoneThat
Veteran
Maybe the thinks his CEOship will expire prior to 2015. Bottom line is: The shares are DP's to do with, what ever he wants. Given the same opportunity, most of us would do the same; get ours while you can.
Dog Wonder,
Exactly so!
Authoritarianism can come from anyplace on the political spectrum. It has sprung from fascism (a right wing phenomenon) and communism (left wing). The results are the same, and to say that capitalism cannot suffer from the same extreme is naive, at best.
Exactly so!
Authoritarianism can come from anyplace on the political spectrum. It has sprung from fascism (a right wing phenomenon) and communism (left wing). The results are the same, and to say that capitalism cannot suffer from the same extreme is naive, at best.
This transaction didn't cost the company anything. The company didn't buy the shares from him. .he sold them in the stock market. They were 'options', meaning he had the option to BUY these shares at a specific price, and then do whatever he wanted with them (keep, sell, whatever). He "bought" and "sold" them on the same day, so he probably didn't have to come up with any cash ..but neither did the company!
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Options have no effect on the company's cost of capital? or its market value? You don't have to look too far back in the history of US Air(ways) to see lots of examples starting with Warren Buffett and ending with the current merger.
Wow I really misunderstood that day in finance class.
Zflygirl if you can read my post one more time I am refering to the greed of CEO's, that in turn will cause a reaction of greed by employee's. I am on your side. Sorry you misunderstood my post. I will be more careful next time.
Travels2mch
Veteran
They were options he was granted, he didn't purchase stock. He exercised them and got the cash from the sale, the company didn't pay it.
ChrisUS
Senior
- Aug 20, 2005
- 449
- 72
Well, Im a retired US east guy and I think Doug is doing a good job. He has a LOT on his shoulders and everyone is so ready to scream negative things. I dont see anyone here volunteering to run the airline and be responsible for 35,000 lives. I sure as hell wouldn't want to be in his shoes. So many mergers have failed and this seems to be headed the right way. Luck? I dont think so! He is entitled to the best compenstaion the airline has and if you don't make it worth his while, he will move on to some company who will.
BeenThereDoneThat is
A cocker spaniel that will go anywhere he can hump a leg.
November 2002
Best quote of the month
'The ratcheting up of compensation has been obscene. There is a tendency to put cocker spaniels on compensation committees, not Doberman pinschers.'
- Warren Buffett, Berkshire Hathaway, New York Times, September 18
If you're a billionaire and still seem like a populist looking out for the average-income individual, you must be doing something right. Buffett expresses what many investors feel about revelations of CEO greed in recent months, but he says it in a more memorable and quotable manner. Buffett's quote also serves his interests by sending a message to companies he has a stake in, or companies who want his money: you'd better be able to justify senior executives' compensation packages from now on!
Career Reserve
Senior
- Jan 23, 2006
- 356
- 26
:unsure: :unsure:
Looks like Dougie thinks the stock is over valued; that's why he cashed it out. He's probably right. :unsure:
EyeInTheSky
Veteran
Cripe, 9 million is nothing. What did Wolf and Gangwal take...39 million and 36 million respectively? Believe me, the East people are used to much, much worse in CEO greed. 
Later,
Eye
Later,
Eye
Dog Wonder
Veteran
This pack of sleazebags will make Wolf look like a pauper before they get done filling their pockets with money they have too much of before they are done.Cripe, 9 million is nothing. What did Wolf and Gangwal take...39 million and 36 million respectively? Believe me, the East people are used to much, much worse in CEO greed.
Later,
Eye
PITbull
Veteran
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