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Those Execs are at it again
beanz
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9-2-2009 7:19 AM
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economy
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ac3674a1-8bfb-4c0b-85fa-aa76c4a2ccb6/C33A1397-D0AA-460A-B239-DC7E03CEFCC9/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.alternet.org/workplace/142325/there%27s_a_bubble_that_still_threatens_the_entire_american_economy_..._and_few_are_talking_about_it/" href="http://www.alternet.org/workplace/142325/there%27s_a_bubble_that_still_threatens_the_entire_american_economy_..._and_few_are_talking_about_it/" style="font-size: 11px;">www.alternet.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/142325/there%27s_a_bubble_that_still_threatens_the_entire_american_economy_..._and_few_are_talking_about_it/"><P class="storyheadline">There's a Bubble That Still Threatens the Entire American Economy ... and Few Are Talking About It</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/142325/there%27s_a_bubble_that_still_threatens_the_entire_american_economy_..._and_few_are_talking_about_it/"><DIV class="teaserleft"> Outrageously large rewards for executives give executives an incentive to behave outrageously -- and engage in behaviors that put the rest of us at risk. </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/142325/there%27s_a_bubble_that_still_threatens_the_entire_american_economy_..._and_few_are_talking_about_it/"><P>"It is the compensation system," former Federal Home Loan Bank Board Litigation Director William Black put it most simply, "that has proved to be the weak point in everything critical that went wrong, that has produced a global catastrophe."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/142325/there%27s_a_bubble_that_still_threatens_the_entire_american_economy_..._and_few_are_talking_about_it/"><P>Treasury Secretary Timothy Geithner, at least at times, appears to concur.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/142325/there%27s_a_bubble_that_still_threatens_the_entire_american_economy_..._and_few_are_talking_about_it/"><P>Of the 20 financial firms that have received the most bailout dollars, 10 have reported details on the stock options handed out to executives early this year, when share prices were bumping the market bottom.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/142325/there%27s_a_bubble_that_still_threatens_the_entire_american_economy_..._and_few_are_talking_about_it/">The top five executives at these 10 firms have seen their personal portfolios jump by $90 million -- in stock-option gains alone, not counting any salary or bonus.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C33A1397-D0AA-460A-B239-DC7E03CEFCC9/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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