WorldCom scandal sends the already weak markets straight to the dumper...thanks guys.
06-26-2002, 05:44 AM
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WorldCom scandal sends the already weak markets straight to the dumper...thanks guys.
There has got to be some goddamned retribution for stuff like this. These white collar thugs who run these companies should be keel hauled and left in a ditch somewhere for this kind of corruption. These guys are getting paid millions in salary and that's not enough. So much for stock options as an incentive to actually make a company perform well. They're also an incentive just to make a company SEEM to perform well. Holy $hit...where does this end???
Rant over...I'm sure glad I'm not retiring any time soon....
Rant over...I'm sure glad I'm not retiring any time soon....
06-26-2002, 05:55 AM
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Not much longer. The capital markets are going to put the clamps on it.
Huge players like Fidelity are getting totally burned by stuff like this and they are just not going to put up with it. You're going to see lots more oversight. I just want to see some of these a$$holes suffer some sever repurcussions where they can't end up as rich or richer than when they were running these Titanics.
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06-26-2002, 05:57 AM
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If your company is profitable and honest, it won't matter if WCOM owns you. You'll just be...
...sold off to another company and probably continue as you've done in the past. I'd be way more worried if I worked for WCOM directly.
