Prize

........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........

September 16, 2015

Poor Product Safety Tied to the Looting of Shareholder Savings


     The swindle commonly misnamed "stock option(s)" allows CEO's and them to pilfer small amounts of shareholder savings each and every year so that the culprits can end up pocketing every dime originally invested by public owners after decades of "stock option" sleight-of-hand racketeering.  The amounts stolen typically comprise a significant slice of one's family savings, particularly huge when related to the sum that would otherwise be handed to one's grandchildren and great-grandchildren when God finally lets the beleaguered investor out of here.  Instead, that missing portion of your money gets flat-out stolen by a new class of purse-snatchers that has curiously come to be misnamed the "1%" instead of "you m$th#rf&ck!ng crooks".

     "Stock options" have nothing to do with executive compensation because they're not paid out of corporate income.  It's all our money.  All of it.  Every single ripped-off penny.

     The scam was enabled by Washington through legislation that became effective January 1, 1981.  Prior to that day, crooks pulling the same con would've been tossed in jail for grand larceny.  Now Congress belongs in there with them.

     Recently, some academics have concluded that the kind of low-life, thieving b#st#rd heavily involved in this sordid criminal activity gives less of a sh!t about product safety than counterparts who aren't fleecing shareholders quite as much.

     How eggheads can keep coming up with more wrong directions to look in never ceases to confound us.  What about our stolen family savings, you blathering imbeciles?

     Whatever, here's the link.  Valued subscribers may be interested in seeing how the nitwits phrase their obfuscation, and we do suppose it's at least a little bit relevant.  Somehow.  Maybe.  And we are indebted to our offshore stringer for passing it along.  Trying mostly to pi$$ MacDougal off, he comes up with great stuff.

http://www.nytimes.com/2015/09/13/business/safety-suffers-as-stock-options-propel-executive-pay-packages.html?_r=0