Re: 1/2 Marine Max sales af FLIBS fell thru!
Quote:
Originally Posted by
Trojan
I'm in bed with pneumonia. BILL
I hope you are kidding. If not, I hope you recover from this EXPEDIENTLY!
(I also hope Detroit recovers too).
Re: 1/2 Marine Max sales af FLIBS fell thru!
Quote:
Originally Posted by
Trojan
I would sure like to think differently. BUT when they just shut down another plant last month and laid off 10,000 employees here in Ohio. Something stinks. Roomers have it that Chrysler is trying to sell off Jeep. The Detroit boat show is tomorrow. I don't think I'm going to make it. I'm in bed with pneumonia.
BILL
Are you really surprised by Chrysler? That's what Vulture Capitalists do: create shareholder value by dismembering companies, selling all but the most profitable parts. Just remember that the shareholders that count are only them and not you. The Big Boys get paid no matter what happens, the smaller investor get stuck with the bills. It was all borrowed money anyway, they have very little of their own money at risk.
Re: 1/2 Marine Max sales af FLIBS fell thru!
Quote:
Originally Posted by
Westfield 11
Are you really surprised by Chrysler? That's what Vulture Capitalists do: create shareholder value by dismembering companies, selling all but the most profitable parts. Just remember that the shareholders that count are only them and not you. The Big Boys get paid no matter what happens, the smaller investor get stuck with the bills. It was all borrowed money anyway, they have very little of their own money at risk.
Dear
"Status: OTHER
Hatteras Model: Not Currently A Hatteras Owner
State: Californi"
You sir are the colossal glittering crown jewel of sophomoric ignorance (and you need to learn how to spell California).
Economics 101: Supply and Demand are not optional regardless of the ruling system, be it a democracy, republic (USA), oligarchy, socialism, or whatever (this also applies to Fixed Assets).
In light of your failure to grasp this most fundamental of economic principles I suggest that you reconsider making judgmental economic commentary on this Forum.
While you obviously are not seriously invested in securities I am convinced that you will benefit by the continued abstinence from same.
Sincerely,
"Big Boy"
Re: 1/2 Marine Max sales af FLIBS fell thru!
Quote:
Originally Posted by
krush
"Big Boy" Are you suggesting that CEO's etc always act with the interest of the stockholders as #1 priority?
Of course not. But I would be very cautious if I were asked to invest in a concern where the CEO owned the controlling interest (and) or was not someone whom I personally knew very well. We are fortunate to have the freedom to do diligence and scrutinize in depth where we choose to invest our money. And also to get the hell out if we think things are not going the way they should.
I am very saddened by the turn of events surrounding Detroit's "big three". GM just posted a loss in the billions. Chrysler has been in trouble (again) for at least a year. But amazingly, Toyota has just announced that it has now sold over 5 million Corollas! (Malcolm Gunn of Wheelbase Communications). And I've yet to hear anything that suggests that Toyota or Honda are in trouble. It blows me away that the American automobile manufacturer just can't get it right anymore.
Dr. Mike Adams, PhD of the University of North Carolina's School of Criminology pointed out recently that it is laziness that many liberals are content to denounce the (so called) icons of "conservatism," especially Capitalism, and refuse to expend the effort necessary to seek the truth which sometimes can be rather difficult (FYI, I find myself watching more CNN these days and reading more editorial commentary by liberal authors just to get other view points - though I may gag in the process).
Re: 1/2 Marine Max sales af FLIBS fell thru!
Chrysler's trying to sell off segments isn't an evil business stategy, it's out of necessity. The company formed back in the 20's for christ sake! I don't think they sat around the board room back then and said, "as vulture capitalists, we're going to build this company up and in 85 years sell it off in pieces to screw the shareholder, (insert doctor evil laugh)!" I think what "Big Boy" is referring to is the fact that the demand for these vehicles has taken a hard fall, and supply has a direct relationship to that. As he said, that's Econ 101.
I also think it's impossible to group all big exec's together. Just like every other job out there, there are good and their are bad; look at Jeff Skilling and Andrew Fastow, thank God they're not a representation of all big execs.
Re: 1/2 Marine Max sales af FLIBS fell thru!
Quote:
Originally Posted by
(Nobody You Know)
Of course not. But I would be very cautious if I were asked to invest in a concern where the CEO owned the controlling interest (and) or was not someone whom I personally knew very well.
Why? Doesn't that help with the agency problem?
Capitalism is the ONLY way, but it does require ethics and common sense.
CEO's have been running companies into the ground all whilst making ridiculous 20-100+ mil salaries. Then turn the company to crap and then get fired and what do they get? A 20million severance package.
My friend works for Norfolk Southern (railroad) and he said it best. "The CEO makes more than the entire Virigina payroll combined". Even if there is only a sliver of truth to that comment, it is disgusting. One person does not do that much work or decision making.
Re: 1/2 Marine Max sales af FLIBS fell thru!
Somebody hires the CEO, and they make an employment offer to attract them to take the job. This is normally the board of directors, who themselves are elected by the stockholders. So the compensation package must have seemed reasonable by somebody or it wouldn't exist. Do I think that you could get someone to run some of these companies for less money than we see some CEOs getting? I certainly think so, but the board must feel that amount of money is required to get the CEO they feel can run the company and make a profit for the shareholders. Don't blame the guy receiving a paycheck, you need to look at the board who makes these offers. Please tell me you would turn down a large compensation package. I didn't think so.
The whole stock market is a big casino. Why would you buy a stock for $100 that only returns a $2 or $3 dollar dividend or less in most cases? Doesn't make sense to me either. Now for the real question. Do buy stock in hopes that the company has a good year and will return a good dividend, or do you buy the stock with hopes that a bigger fool comes along and will pay you more than you paid? This is the difference between investing and speculating. Most are mere speculators, don't do any due dilligence, and try to pick a stock that they can "flip" for a profit. This is why P/E ratios are rediculous, and never made any sense to me why anyone would put their money into a company where it would take 10 years or more just to get back your buy in costs. The only logical answer is that you are playing the Wall Street Casino.
Re: 1/2 Marine Max sales af FLIBS fell thru!
Quote:
Originally Posted by
krush
Why? Doesn't that help with the agency problem?
Capitalism is the ONLY way, but it does require ethics and common sense.
I wouldn’t say Capitalism “requires” ethics but we probably agree that conviction of some good kind always helps.
I don’t know what the CEO of Northern Southern makes nor do I know what your good friend’s source is, but my question to you is how can you verify this? (Oops, that “truth” thing again).
You’re not the only one who is put off by what may be considered the obnoxious salaries and bonuses of many of America’s leading corporate top executives. However, as you know stockholders are free to nominate and elect to the Board whomever they wish. And the Board of Directors are free to appoint as CEO whoever they wish and decide on the salary and bonuses of same. Yes it does seem out of proportion but to a lot of extent, but whether we want to admit it or not, a good many of these bastards are nothing short of brilliant (that’s why they make the big bucks). And they are the ones who are capable of more than just managing the day to day affairs of a major corporation but also oversee the corporate finances – the many short and long term investments that are also crucial to the company’s success in a global market.
I may not like it very much but I have no problem with a fat cat getting fatter if he’s enhancing my portfolio and dividends as well (legally of course).
Re: 1/2 Marine Max sales af FLIBS fell thru!
Jeep has always been a money maker for every company that has ever owned it. They are the only division of Chrysler that is making money. The new Chrysler owners history is in buying conglomerates and piece mealing the company's. What would you expect.
A local shipping company closed it doors on Friday two weeks ago. The CEO received 7Bil. and the next in line received 3Bbil. The workers received 2 weeks severance and no retirement. Looks fair to me, no greed there. Know one is worth that much money. I don't care who they are.
BILL