Monday, January 26, 2009

Incenting the pump and dump

Timothy Geithner may have, uh, misfiled his taxes, but he hits the bullseye here:

“Excessive executive compensation that provides inappropriate incentives,” Mr. Geithner said, “has played a role in exacerbating the financial crisis.”
CEOs with captive compensation committees have been ripping off their shareholders. Legally.

If they did it with guns, everyone - not just us liberals - would be outraged. Why is it that conservatives forgot that their best trait was the ability to watch the money?

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