[Rags123]

Originally Posted by eweissenbach

Well I would agree that some earn every cent they make. The Morse's, for example have made their money by great vision and innovation, while risking their fortune on their belief in what they were doing, and providing a great product. However, many CEOs have stacked their BOD with cronies who vote them ridiculous salaries, bonuses and stock option while they run the company into the ground. And let's talk about those financial sector gurus who walked away with obscene riches while contributing to the near collapse of the economy, resulting in millions of Americans losing their jobs, their homes, and often their marriages. I don't envy the guy you describe - the price he paid for all that money and all those toys is way too high for me, I saw my kids play ball, graduate HS and College , took vacations, enjoyed my weekends and still managed to have a successful and rewarding career.

It is interesting that you mention those who had responsibility for the "financial sector gurus who walked away with obscene riches while contributing to the near collapse of the economy, resulting in millions of Americans losing their jobs, their homes, and often their marriages. "

This from the New York Times in 2011 concerning those fellows you reference in discussing that none of them ever faced any prosecution

"But several years after the financial crisis, which was caused in large part by reckless lending and excessive risk taking by major financial institutions, no senior executives have been charged or imprisoned, and a collective government effort has not emerged. This stands in stark contrast to the failure of many savings and loan institutions in the late 1980s. In the wake of that debacle, special government task forces referred 1,100 cases to prosecutors, resulting in more than 800 bank officials going to jail. Among the best-known: Charles H. Keating Jr., of Lincoln Savings and Loan in Arizona, and David Paul, of Centrust Bank in Florida. "

http://www.nytimes.com/2011/04/14/bu...pagewanted=all


Not defending them in anyway, just noting for the record that NONE of them were prosecuted by the US.