Originally Posted by
deltabound
After the 33 year experiment with the 1987 rule change of 17 CFR 240 10b-18 - Purchases of certain equity securities by the issues and others...
Maybe something more than a little zinger would be in order?
These CEO's, and more specifically, airline CEO's are more corporate raiders than capitalists. They've done nothing illegal, but the old saying "The best way to rob a bank is to own one" comes to mind.
I'm not inclined to agree to any ALV reduction, or hourly wage reduction, or anything else. Based solely on the incredible waste of stock buybacks; something that was criminal until 1987, then magically wasn't, and while CEO pay has gone through the bloody roof, everyone else's wages have stagnated.
So change the law... Quit dumping it in the lap of “that darn capitalism!”
If you’ve got a better system than capitalism let’s hear it! And provide concrete examples of where it’s worked.....