Monthly Archives: September 2011

Five Most Overpaid CEOs

September 28, 2011

Sept. 28, 2009 – The value of Abercrombie & Fitch dropped by 2/3rds and more than $50 per share in 2008, yet CEO Michael Jeffries “was awarded total compensation of $71.8 million, with a base salary of $1.5 million. . . His compensation package included a $6 million ‘stay bonus’ designed to keep him...

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Why no punishment for CEO greed?

September 12, 2011

June 9, 2011 – In the 1970′s there was a Texas financial scandal known as “Rent-a-Bank.” Fifty bankers were uncovered by regulators as having perpetrated fraudulent loans. No criminal prosecutions resulted, so it was almost predictable most of the scammers were involved in the national savings and loan scandals of the 80′s, with far...

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CNN Reports “A Study in CEO Greed”

September 11, 2011

May 30, 2006 – University of Iowa researcher Erik Lie conducted a study that showed more insider tampering with stock options than ever before reported. Executives were backdating their stock options to when their company’s stock was at its lowest point. “As actually practiced, it was stealing, pure and simple,” according to Geoffrey Colvin...

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