http://joesobieck.wordpress.com "Oh Yeah!" Thu, 30 Oct 2008 13:40:48 +0000 http://wordpress.com/ hourly 1 http://joesobieck.wordpress.com/2008/10/30/how-are-companies-hiding-their-losses/#comment-6 » How are Companies “Hiding” Their Losses? Thu, 30 Oct 2008 13:40:48 +0000 http://joesobieck.wordpress.com/?p=76#comment-6 [...] M0 wrote an interesting post today onHere’s a quick excerptOctober 30th, 2008   Regardless of the Sarbanes Oxley Act of 2002, Corporate Companies are able to still hide their debt and losses to the general public. Why do I bring this up? Lets take a look at AIG. AIG’s loss/debt of 120 Billion Dollars just suddenly popped up overnight. Think about this, What would the outcome have been if Lehman Brothers did not go Bankrupt? This event was the “green light” for any other business to expose their debt/losses and ask for help to prevent a Great Depression 2. How much longer would it have taken til this Crisis had surfaced? Now, there was some concern about AIG in back in May when they issued 20 Billion in stock and reassured its investors of their cushion. How are Companies “Hiding” their debt/losses? How are Companies able to get by with calling it “an accounting error”. I would like to see individuals being […] [...] [...] M0 wrote an interesting post today onHere’s a quick excerptOctober 30th, 2008   Regardless of the Sarbanes Oxley Act of 2002, Corporate Companies are able to still hide their debt and losses to the general public. Why do I bring this up? Lets take a look at AIG. AIG’s loss/debt of 120 Billion Dollars just suddenly popped up overnight. Think about this, What would the outcome have been if Lehman Brothers did not go Bankrupt? This event was the “green light” for any other business to expose their debt/losses and ask for help to prevent a Great Depression 2. How much longer would it have taken til this Crisis had surfaced? Now, there was some concern about AIG in back in May when they issued 20 Billion in stock and reassured its investors of their cushion. How are Companies “Hiding” their debt/losses? How are Companies able to get by with calling it “an accounting error”. I would like to see individuals being […] [...]

]]> http://joesobieck.wordpress.com/2008/10/29/has-greed-crumbled-americas-best-ceos-moral-compass/#comment-3 » Has greed crumbled America’s best CEO’s moral compass? Wed, 29 Oct 2008 20:19:39 +0000 http://joesobieck.wordpress.com/?p=71#comment-3 [...] OTYC Blog wrote an interesting post today onHere’s a quick excerptWednesday October 29, 2008   Is it not enough that CEO’s receive an amazing salary? What is the influence on getting bribes, bonuses, or handouts? How do those individuals look at themselves in the mirror, and you know they do? Take for example, Occidental Petroleum’s CEO Ray R. Irani, is going to have a compensation of over 509 MILLION Dollars in the next five years. Meanwhile, these same CEO’s that make such a great living, have their hands out trying to get a piece of the Federal Bailout Funding. It is reported that even though there are some policies to protect the funding from going to the Executives, there maybe ways around that. I’m sorry, I cannot fathom the situation. Nor do I want to believe that money and special interest runs the nation and is able to bend a(n) extremely influential individuals moral compass. I do not charge half of the value […] [...] [...] OTYC Blog wrote an interesting post today onHere’s a quick excerptWednesday October 29, 2008   Is it not enough that CEO’s receive an amazing salary? What is the influence on getting bribes, bonuses, or handouts? How do those individuals look at themselves in the mirror, and you know they do? Take for example, Occidental Petroleum’s CEO Ray R. Irani, is going to have a compensation of over 509 MILLION Dollars in the next five years. Meanwhile, these same CEO’s that make such a great living, have their hands out trying to get a piece of the Federal Bailout Funding. It is reported that even though there are some policies to protect the funding from going to the Executives, there maybe ways around that. I’m sorry, I cannot fathom the situation. Nor do I want to believe that money and special interest runs the nation and is able to bend a(n) extremely influential individuals moral compass. I do not charge half of the value […] [...]

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