Saturday, July 19, 2008
What they do with your money
Finance managers can never be held responsible. They have at their disposal large amounts which they can invest. It is not their own. If everyone takes personal care, one will look into the shares they buy. Here malpractices and favorism can be done with other's money. Better shy away from mutual funds and investment banking. Have your maoney saved in a regural bank for security.
clipped from Shareholder revolt against excessive pay gained steam in 2007
After just nine months on the job as chief executive of Rackable Systems, Mark J. Barrenechea last year became one of the top paid executives in Silicon Valley. He also became a target for a growing shareholder rebellion against soaring executive compensation.
"They didn't do anything legally wrong, but none of it was done with shareholder approval," Leza said. "Things like this should go before shareholders."
The company, which had $353 million in sales last year, made that point to shareholders as it fended off Leza. Furthermore, it said it regularly meets with top shareholders, and, Rackable says in its proxy statement, "there has never been criticism of our compensation practices."
Pilo from Nosle
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Labels:
distress,
headache,
office stress,
stress
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