How CEOs steal from your 401(k)
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From: USSA
Originally Posted by vader1,Mar 5 2009, 02:18 PM
I have been saying for several years that this needs to stop, and shareholders should have to approve of exec compensation not just a board of puppets with their nose up the CEO's butt.
And anyoneraideing of the corporate piggy bank for ones own profit or stealing over a million in assets from investors in any kind of scheme should carry a mandatory 5 year jail sentence, no ifs, ands or buts.
The government should also be given the power to sieze asset RETROACTIVELY for several years so that someone can not transfer them to a relative or child as a shell game, and the limit for ALL assets that can be exempt from recovery should be limited to $250,000, plus the assets that legitimately came from a spouse or inheritance. If you rip people off, no protecting what you can keep, this means you to Florida.
And anyoneraideing of the corporate piggy bank for ones own profit or stealing over a million in assets from investors in any kind of scheme should carry a mandatory 5 year jail sentence, no ifs, ands or buts.
The government should also be given the power to sieze asset RETROACTIVELY for several years so that someone can not transfer them to a relative or child as a shell game, and the limit for ALL assets that can be exempt from recovery should be limited to $250,000, plus the assets that legitimately came from a spouse or inheritance. If you rip people off, no protecting what you can keep, this means you to Florida.
You would be shocked at what CEOs get as perks paid for by the company....even though they bring home tens of millions and millions in pay. And the funny thing is....its all filed with the SEC! HA! People are just ignorant, and kept that way.
Don King says it best, "Only in America!"
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