[Chugalug] TWINKIES!!!

Dan Lyke danlyke at flutterby.com
Sun Dec 2 16:31:09 UTC 2012

On Fri, 30 Nov 2012 08:39:59 -0800
William Wade <willm.wade at gmail.com> wrote:
> Perhaps that right there is the actual problem. Companies keep
> looking for the executive that is going to save them,

By "Companies" you mean "Boards of Directors". And by "Boards of
Directors" you mean "people elected by the stockholders". And by
"stockholders" you mean people with their money in 401Ks who don't
really care so they either ignore the elections or invest in mutual
funds and let the people who run those participate in the elections.

So the Boards are likely as vested in giving their friends big bonuses
as they are in actually making sure the stock performs well.


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