In The News

• Citigroup directors looking to replace their chairman – Reuters
• The Daily Telegraph reports Morgan Stanley will cut 10% of its investment bank staff
• The US Government is on the hook for $5 trillion due to the financial crisis writes Forbes
• Canadian Banks are faring quite well according to Time. Says Minister of Finance Jim Flaherty, "The credit crisis we're facing is the result of unbridled greed. We need to bridle greed."

Comments

[Dixie Graves, Ed.D.]

Mr. Icahn,
I just read your opinion entitled 'Corporate Hell-Raiser' in the WSJ and I am ELATED that someone of your stature is FINALLY speaking up! I am from the deep south--Houston, TX-- and was raised with values that you are accountable for your actions.
I have had MUCH difficulty in sending these CEOs off with millions of dollars rewarding them for running a company in the ground! It just infuriates me!
I am a first line manager at a Swiss pharmaceutical company and if I don't perform, I will be replaced. Isn't that the way it SHOULD be? If I can't do my job, I need to go find a job a CAN do...what makes me diffeent from these CEOs?
Shareholders are the ones left holding the EMPTY bag! Thanks for your strong voice that reasonates with us 'little people!'
Dixie Graves, Ed.D.