Give the guy a break. He was only doing his job. People like this get paid to screw everyone else to make their company rich. He did that so effectively he could also use some of that filthy lucre to make himself rich.

That's the paradox of corporations: you want it run by workers who bend the law. The best ones may also figure out ways to take it for themselves.

I couldn't tell you what the value of virtue is, but I bet that it isn't $44 million dollars.

Maybe society needs to rethink its stance on vigilantism and mob justice.

Capitool - "...you want it run by workers who bend the law."

Who is 'you'?

It's not the employees. It's not the consumers.

'You' must refer to other greedheads.

Apparently shareholders are the sleepiest people. Time to wake 'em up. Know of a thieving scum CEO? Like Tyco - did I hear a bell? SELL! SELL! SELL! Drive that stock down to a penny. And if the asshats who sit on the board also sit on other boards...sell that one too.

The people at the top who guide the corporation should get a substantially bigger amount than the average programmer or widget puncher when the company does well.

However, if the company tanks, so does there perks: stocks options, interest free loans, indirect compensation via "expenses".

Pay for performance would require executives of large corporations to keep some skin in the game and **help** avoid scenarios like someone trashing a company and getting paid handsomly to do so. Index company performance against some specific industry standards that promote the long-term viability of the company and not the short-term growth. Make it industry-centric and keep the gubmint out, unless its defense contractors. Interestingly enough, the gubmint has suggested recently "voluntarily" tying compensation of large defense contractors to overall performance on large contracts with little interest from said companies.

The tragedy is the ripple effect such actions as corporate looting have on the economy is only scratching the surface. The loss of morale and faith in the capitalist "system" is a factor, as well as the personal issues of a family who loses its source of income in an increasingly rotten job market. I hope that farker loses his cash and has to get a regular job. Who would hire that asshat at that level again?

Corporate scandal? Who cares? We're going to war with Iraq!

WAR WAR WAR!

Let's stop talking about important issues! There's an election coming!

Quick, think of a diversion. I've got it -- a war!

Scrotar
Capitool - "...you want it run by workers who bend the law."
Who is 'you'?
It's not the employees. It's not the consumers.

It's all capitalists. Anyone who loves the great free-market economy should know that freedom is best for all. It just so happens that government control an laws are bad for buisness.

Therefore 'you' means everyone corporations serve. Employees to have more wages. Consumers to have a chioce of product fre of regulations.

And don't start picking on my idol Mark H. Swartz. He's done more good for TYCO than you have (I'm only counting the good, not bad).

Just because 10 CEO's get caught defrauding their shareholders doesn't mean that the other 490 should get a bad rap. They got away with it.

How can 2 members of a board okay a blatant theft of funds
like this? Don't they need a quorum or something?
Has the world gone completely nuts.
Things like this should be voted on by shareholders.
Shareholders weren't even given a say.
If I were a shareholder I would favor having the 2
board members and Swartz all whacked.

I've said it before and I'll say it again, corporate crime surely does pay. Off to Harvard Business school I go!

so i'm coming in to this thinking, "oh my goodness, perhaps some intelligent debate" - INSTEAD, i get a bunch of farkin retards w/ their heads so COMPLETELY embedded in their rectums that it makes me gag. I give credit to that HomerSampson and Capitool, sure, they've sold their souls to the almighty $, will never NEVER find true happiness outside of material posessions, and are a couple of examples in the "completely utterly morally farkin bankrupt" dept. but at least they stick to their guns (of course, I still want to chew off their faces, but hey, who doesn't?). AS FOR THE REST OF YOU - yeah, go ahead whine, another bastard has ripped off the world - what the hell you gonna do about it? NOT A GOT DAMN THANG. why, because you've grown up in this whole "capitalism is the way to go....if you just work hard enough you too can be rich..yada yada yada" bullshiat. face it, you're screwed. if you're not a white conservative male w/ an middle upper to upper class upbringing, private schools, ivy league higher education, and the connections to climb, you're going to be a lame ass wage slave for the rest of your farkin lives, scraping by, maybe getting enough to retire w/ a winnebago and some such crap, but never attaining true freedom. why? because you're too damn weak to revolt. you will NOT take your destinies into your own hands, you will NOT vote in socialism, you will NOT assasinate elected officials, you WILL buy a big SUV or house or whatever the hell has been drilled into your tiny little heads as the image of success and load yourself down with massive debt, thus perpetuating the hold that the true Randian uberlords have over your pathetic little lives. FACE IT YOU'RE CHUMPS. you want change, you want reform, you want things to be better? WHO THE HELL elected the farkin moron in the whitehouse? why hasn't someone iced that jive ass turkey? fools. WAR WAR WAR AND OIL that's all that matters right now, and until YOU do something about it, nothing else will matter. no wonder we're loathed, despised and ridiculed around the world. i don't support the killing of civilians, but someone had to make their voice heard that maybe, just maybe, the "American Way" is not necessarily the best way and needs to be re-examined. whatever. my voice falls upon deaf ears and I am simply repulsed by all of you. die.

Its like me, I work for AT&T Broadband as network ops.

Anyway, they're laying people off because we need to cut costs. Laying people off with kids in college, mortgages, car payments and the like. Good people.

Then we go out and hire some dickwad named Bill Sheralth (some shiat like that) and give him 30+ million dollars to run the company. He then quits, and runs with all the cash < 6 months later. God only knows what he got for his "severance package".

fark all these clownshoe CEO types

Citizenj -

I find your ideas interesting, and I wish to subscribe to your newsletter.

Not sure about the Socialist undertones, but overall I agree.

DashFieldpaint - A raise? Looks like companies are only giving out severance packages.... and these only to individuals who have defrauded a few thousands employees, or personally steered the company into the tar pits.

For the benefit of capitalists everywhere, of course.

Okay, now I have a crush on Vtoria:



Wow, just wow. Nice profile!

~ Pinky ~

Second attempt to post image.

A LOT OF GREAT STUFF IN THIS THREAD TOO NUMEROUS TO MENTION !!!

approved

Steve Jobs got over 800 million in 2000 for apparently "saving" Apple, even though they still have a very small market share, haven't changed the business model that got them into trouble in the first place (proprietary hard and software) and had many notable failures under Job's watch (EG: the Cube).

You DO realize that that's how Apple makes it's money, right? Next, let's rag on M&Ms for being "proprietary candy."