The news today has items on how about 30 executives have been fired for their part in recent options "backdating" scandals. For the uninitiated, this means they got to choose the most advantageous time for their stock options to vest, which more or less means that they got huge pay for no work.
Firing the executives for crafting and accepting these deals is a good start, but I'd suggest that this egregious abuse of the interests of stockholders (and employees) would have been prevented had another group of people responsible for monitoring executive compensation been doing their job. Let's hope that investors take note and start sacking some boards of directors.
Non-Savers "don't see a correlation between where they are now and where they will be" - Guess what? America's best savers aren't wealthy Excerpt: A quarter of middle-class households (those earning between $50,000 and $75,000 annually) se...
4 hours ago