November 11th, 2007
Fire The Board of Directors Too!
The Boards of sophisticated financial companies such
as Merrill Lynch and Citigroup should have known the
downside when they allowed their CEOs to transfer
the risks of derivatives trading onto their company’s
balance sheets. They should all be held accountable.
November 11th, 2007 at 6:28 am
The people who ought to be accountable and those who will be held accountable are two different species. No one has yet figured out that he who dies with the most toys is dead.
November 11th, 2007 at 8:17 am
…What can I add…
At least in the U.S. they are fired (sometime…) In Italy, we just recycle them to other financial institutions and companies so that they can keep messing…
Stay off our stock-market, believe me!
November 11th, 2007 at 10:29 am
It’s the whole ‘everyone else is to blame’ mentality…
For a humorous exploration of the concept, pick up a copy of Ben Elton’s ‘Popcorn’, a satirical novel that rocks several pairs of…footwear.
November 11th, 2007 at 4:11 pm
Very Smart, I like that you are tackling this angle a bit and completely agree. CEOs know the whole picture and should be held accountable.
November 11th, 2007 at 7:09 pm
u made me 2 think abot dis issue…..
November 11th, 2007 at 8:10 pm
Very mind poking thought here Seraphine. But yes they should be held accountable, they are being payed to make important decisions that should be to the benefit of the company and not only to fatten their pockets.
November 11th, 2007 at 9:14 pm
good job with this one.