Like that but...

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Post #47,130

by ben_tilly

7/26/02 11:29:21 PM

Like that but...

with the money returning as dividends (and per Drew's plan, with part of it going to the CEO) rather than being invested in other areas of the business.

Basically the scenario is one where the CEO acts like a corporate raider, except that rather than paying off junk bonds he is giving a fat dividend to shareholders (like it or not) and himself a big fat bonus.

Cheers,
Ben

"... I couldn't see how anyone could be educated by this self-propagating system in which people pass exams, teach others to pass exams, but nobody knows anything."
--Richard Feynman

Fortume magazine weighs in on expensing stock options - (lincoln) - (10) - July 25, 2002, 03:42:49 PM EDT

Here's how to fix it - (drewk) - (8) - July 25, 2002, 04:19:07 PM EDT

Different accounting practices. - (Brandioch) - July 25, 2002, 07:16:46 PM EDT

Every fix has its drawbacks - (ben_tilly) - (6) - July 25, 2002, 07:22:56 PM EDT

Of course it does, but I like them better - (drewk) - (1) - July 26, 2002, 08:37:49 AM EDT

There is chicanery and chicanery - (ben_tilly) - July 26, 2002, 07:28:44 PM EDT

Re: liquidate the company and sell it back to shareholders? - (a6l6e6x) - (3) - July 26, 2002, 09:07:34 PM EDT

It does compute - (ben_tilly) - (2) - July 26, 2002, 10:29:08 PM EDT

So it's like this event today.... - (a6l6e6x) - (1) - July 26, 2002, 11:06:28 PM EDT

Like that but... - (ben_tilly) - July 26, 2002, 11:29:21 PM EDT

Don't quote FASB - (wharris2) - July 25, 2002, 08:40:59 PM EDT

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