* Posts by Dan 82

1 post • joined 27 Oct 2010

Big Blue's Big Sam gets $10bn for bonus stock boost

Dan 82
Pint

More government oversite needed

Many large corporations have become nothing but fiefdoms for the top management to pillage. They do insane long term moves just to satisfy short term greed. Corporate boards aren't doing their jobs (even Apple sits on $51 bn that should go back to shareholders). Buying stock when you are near all time highs is fiduciary malfeasance. Since large shareholders can't or won't step in, congress needs to. Corporations need to pay income tax because they are starving their workers of raises and bonuses and local, state and national governments have to pick up the slack. Its a shame companies like IBM lost their way and stopped producing products that people wanted to buy and just became a financial organization intent on milking the mainframe and AS/400 for all it could.

SUBSCRIBE TO OUR WEEKLY TECH NEWSLETTER

Biting the hand that feeds IT © 1998–2021