2009-06-15 — reuters.com
The insider trading case against home loan entrepreneur Angelo Mozilo is sparking renewed questions about potential abuse of stock selling plans that were intended to be one of corporate executives' best defenses against accusations of improper trading.
...
"On their face, these arrangements looked like a good solution to any problem of short-term manipulation that an executive looked prone to," said Todd Gershkowitz, senior vice president of pay advisory firm Farient Advisors in New York.
But "they can be modified and changed and terminated in relatively short order," he said. "It turns out that they may not be achieving their original purpose."
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catherine at 23:22 2009-06-15 said:
I don't feel it is just about the investment charge - I truly think it is bigger than that PEOPLE WANT HEADS we know that the SEC has no teeth but the idea that these guys will do the perp walk and the people will see that is part of the reason too auditing the FED when has that ever happened? the people want heads and the government thinks by handing them civilians IT WILL WORK - IT WON'T you saw some rumblings this week - "well if we are regulating the executives pay for no performance HOW ABOUT THE CONGRESS AND FED AND SEC AND THE MILLIONS AND MILLIONS THEY MAKE OR THE UNIONS AND HOW THEY TANK THEIR COMPANIES" SEE THE SLIPPERY SLOPE WE ARE ON JUST LIKE ICELAND with unemployment rising AND THEY ARE LYING NO ONE IS HIRING EXCEPT THE GOVERNMENT AND SOME BK LAWYERS then the people won't be happy until the big boys are standing with them in the food line I.E SMELLS LIKE THE FIRST DEPRESSION................. Permalinkadd a comment | go to forum thread
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