i'm nice to people that just got $2 million in expenses -esp. if they pay the bar bill- until i realize i'm the one really paying it!
voxitis- coldones army wins-bid war is coming? how many times are you going to repeat yourself before you realize you are the coldone? okay- we will give you 20 repeats so your shrink believes you have a problem!
but, as i commented earlier, he didn't have anything to say about separation pay, did he?
" I think core has more value then has been estimated"
hopefully, that' something we may be about to learn.
word up! I dunno which is worse, goingBozo and his goofy, uneducated, blabbering.... or the adolescent ColdScrotum and his 50 self complimenting IDs.... if the two of them stopped posting this would a nice place to converse on stock...
Sentiment: Strong Buy
The Third Way: Share-The-Gains Capitalism
By Robert Reich of RobertReich.org
Monday, May 2, 2016 2:12 PM EDT
Marissa Mayer tells us a lot about why Americans are so angry, and why anti-establishment fury has become the biggest single force in American politics today.
Mayer is CEO of Yahoo (YHOO). Yahoo’s stock lost about a third of its value last year, as the company went from making $7.5 billion in 2014 to losing $4.4 billion in 2015. Yet Mayer raked in $36 million in compensation.
Even if Yahoo’s board fires her, her contract stipulates she gets $54.9 million in severance. The severance package was disclosed in a regulatory filing last Friday with the Securities and Exchange Commission.
In other words, Mayer can’t lose.
It’s another example of no-lose socialism for the rich – winning big regardless of what you do.
Why do Yahoo’s shareholders put up with it? Mostly because they don’t know about it.
Most of their shares are held by big pension funds, mutual funds, and insurance funds whose managers don’t want to rock the boat because they skim the cream regardless of what happens to Yahoo.
In other words, more no-lose socialism for the rich.
I don’t want to pick on Ms. Mayer or the managers of the funds that invest in Yahoo. They’re typical of the no-lose system in which America’s corporate and financial elite now operate.
But the rest of America works in a different system.
Theirs is cutthroat hyper-capitalism – in which wages are shrinking, median household income continues to drop, workers are fired without warning, two-thirds are living paycheck to paycheck, and employees are being classified as “independent contractors” without any labor protections at all.
Why is there no-lose socialism for the rich and cutthroat hyper-capitalism for everyone else?
Because the rules of the game – including labor laws, pension laws, corporate laws, and tax laws – have been crafted by those at the top, and the lawyers and lobbyists who work for them.
Yahoo Inc's (YHOO.O) management team and directors have given a warm welcome to Starboard Value LP Chief Executive Jeffrey Smith since he joined the company's board after a contentious battle, he said on Monday.
"Yahoo has been great," said Smith, who was speaking on a panel at the Milken Institute Global Conference here. "The board members have been terrific and welcoming, the management team has been terrific and welcoming. This is no different from almost all of the companies that we get involved with."
The founder of the activist hedge fund is coming off a major agreement struck with Yahoo last week, in a deal in which Smith and three associates joined the Internet company's board of directors after a contentious battle that nearly went to a shareholder vote.