He lost nothing. he sold stocks for 60 mill. That is money in his pocket. The fact that the stock was once selling for 170 means nothing,. A stock is worth what you can sell it for. He lost nothing. He made 60 million
(bolding mine)
You would define Bear Stearns’s execs as “successful in business”? Given the outcome, I would personnally tend to call them “utter failures”. And whether I look at the situation from the “corporations are evil” or the “hard work and success should be rewarded” point of view, I’ve a hard time thinking they deserve anything…
Why oh why do the guys who run a corporation into the ground get treated with respect. They are the worst kind of failures. They drag thousands of employees and investors into a holes with them, due to their mismanagement. Their short sighted greedy self aggrandizing business philosophies are inimical to capitalism and harmful to the country. They should appear on the news and explain why they should ever get another job.
I do not give them a pass. They screwed up bigtime. as big as possible. They should be left pennyless and publicly ridiculed.