Reply #90: I think it all has to do with the Enronomics issue [View All]

[UpInArms]

whereas all of the "major" companies see great opportunities to cook their numbers - see AIG's problems, they have gotten themselves into very risky situations with hedge funds and derivatives - using those numbers to leverage themselves into financial husks - gutting the basics of econ101

the outrageous rewards for their CEOs and the cross-board (where each of these guys sit on the BoDs for the other guys, each approving more and more outrageous compensation and perk packages) while cutting employees, making substandard products, ending up outsourcing the customer service - making for really angry consumers - while the fund managers have the audacity to plug the companies that reward them with perks and bonuses

slippery slope? you bet