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06/14/2009

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Anonymous

Sean, As a "Hobbesian" should understand that it's all about "Duties" not "Obligations". There is a MAJOR difference that affects not only the color, but the interpretation of Hobbes as well.

As for your dislike of a performance component vis a vis compensation, as an owner, "You're Fired"! and as for your "Golden Parachute", clear that with Legal.

neilehat

And we wonder why we're having problems?

Anonymous

If common sense and commonn decency prevailed, we would not need pay czars, etc. AS to rights and obligations in this world, for every person's right someone else has an obligation and who is it that enforces those obligations. I have a right to your tax dollars and it is your obligation to give them to me and I will vote for the idiot politician who will force you to do so so he/she can stay in office for another term.

Anonymous

Anon. June 21, 8:31 am

If Common Sense and Decency were common commodities, the World would be a Utopia. The fact of the matter is they're not and so the World is as it is; with the seven deadly vices run amok.

Welcome to the New World Order.

Anonymous

. . . high salaries to attract able executives. . .our ablest financiers. . .

Yes, like the very able cabal that has been heading up American finance for the last 20 years. Lets make sure the "ablest financiers" can still fulfill their very important mission: making lots of money.

The myth of an elite class of investment wizards whose genius we would struggle to replace is silly. Your "ablest of financiers" and traders are mostly privileged frat-boys and Ivy league jocks who have been hiring each other for decades. The "ablest financiers" are just the more unscrupulous and deceitful of the bunch.

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This is not going to work, but Feinberg is a seasoned hand and will get the best result possible. The solution has to be the involvement of shareholders who do not act as absentee owners. This transfer of power has caused the rise of management personal largess. The financial institutions and large mutual funds bear a good deal of responsiblity for not acting as owners. These organizations have to act as owners once they represent a significant percentage of shares.-----abercrombie and fitch,abercrombie sale

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