ouizy
Rock n' Roll Doggie
As I sit here 24 floors above the stock exchange, I am beside myself that the Chairman of the NYSE was just paid $140 million dollars today.
I have to say that I am not one to usually complain about executive pay, and in many cases I believe some of these people deserve the extraordinarily high pay they get, but this to me is absurd.
I will start with the pros, and end with the one con I believe shows this man does not deserve this kind of payout.
--After the two major downtown emergencies the staff at the stock exchange was able to get up and running either the next day or soon thereafter.
--It takes a man with a lot of control to be able to run that zoo.
Now my con:
I cannot for the life of me validate a payday like this after what the country has experienced during the Internet Bubble. No, I do not blame the chairman for the entire thing, but how many corrupt CEO's did we see ring the opening bell? How many companies were able to (through fraudulent stock and option schemes) rape the American people of Billions of dollars in hard earned pay?
A large percentage of investments went to shit from 1999-2002 and I have to lay some of the blame on Grasso and they heyday of the IPO. Yes, it is the individual investors choice to invest, but not under the auspices of phoney revenue numbers, inflated market value, and fake analysis.
I blame the investment banks, more specifically the analysts, and Grasso himself, and I beleive they all belong in jail.
I sometimes see Grasso outside my building getting into his chauffeur driven Suburban. Next time I do, I think I am going to give him a piece of my mind.
$140 million dollars?
The NYSE earned $28.1 million this year.
You do the math.
I have to say that I am not one to usually complain about executive pay, and in many cases I believe some of these people deserve the extraordinarily high pay they get, but this to me is absurd.
I will start with the pros, and end with the one con I believe shows this man does not deserve this kind of payout.
--After the two major downtown emergencies the staff at the stock exchange was able to get up and running either the next day or soon thereafter.
--It takes a man with a lot of control to be able to run that zoo.
Now my con:
I cannot for the life of me validate a payday like this after what the country has experienced during the Internet Bubble. No, I do not blame the chairman for the entire thing, but how many corrupt CEO's did we see ring the opening bell? How many companies were able to (through fraudulent stock and option schemes) rape the American people of Billions of dollars in hard earned pay?
A large percentage of investments went to shit from 1999-2002 and I have to lay some of the blame on Grasso and they heyday of the IPO. Yes, it is the individual investors choice to invest, but not under the auspices of phoney revenue numbers, inflated market value, and fake analysis.
I blame the investment banks, more specifically the analysts, and Grasso himself, and I beleive they all belong in jail.
I sometimes see Grasso outside my building getting into his chauffeur driven Suburban. Next time I do, I think I am going to give him a piece of my mind.
$140 million dollars?
The NYSE earned $28.1 million this year.
You do the math.