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Tuesday, September 16, 2008 

CEO's, CFO's to blame?

Should the ultimate responsibility of blame on the poor economy be put on the CEO's and the CFO's who have capitolized on their positions and their ability to get golden parachutes from companies?

NO, sure they are he ones who either did not manage or made the bad decisions that have led to the problems we now have. However there are things called board of supervisors, stock/shareholder meetings and votes. There are daily, weekly, monthly, quarterly and yearly reports. Do not under estimate the power of the stock holder. The cop out excuse of well thats whyn I have a stock broker to eliminate any personal blame here.

As a stock holder you have the responsibility to check on your investment yourself. If you place this on someone else it is your fault. Not all theirs.

Ok so you only one a few stocks in a company. You think that this does not give you a voice right? WRONG. As a stock holder you have the right to know what the company is doing with your money. Ask the questions. If you do not like the direction it is going then say so. You can contact other stock holders and see what they think.

You can call a quorum and have the board rethink the employment status of the CEO's and CFO's.

So don't throw the blame and pass he buck on this. take a little personal responsibility here. It is your fault too.

About me

  • I'm Devious Mind
  • From Denver, Colorado, United States
  • Good judgemnt comes from experiance. Experiance comes from bad judgement. Karma, its a bitch.
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