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post #1 of 20 (permalink) Old 07-05-2006, 07:09 PM Thread Starter
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Ken lay dead

http://www.usatoday.com/money/indust...7-05-lay_x.htm

got off easy


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post #2 of 20 (permalink) Old 07-05-2006, 08:45 PM
 
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Quote:
Originally Posted by r1gladiator
got off easy
I agree
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post #3 of 20 (permalink) Old 07-05-2006, 08:46 PM
 
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yeah death is so much easier....

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post #4 of 20 (permalink) Old 07-05-2006, 08:56 PM
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He faked it and is off spending everyone's money in Europe now.....


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post #5 of 20 (permalink) Old 07-05-2006, 08:58 PM
 
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Quote:
Originally Posted by eveR1ast
He faked it and is off spending everyone's money in Europe now.....
He's with Elvis, John and Bobby Kennedy, and the girl who teddy killed (accidentally).....


and they are all on an island with Amelia Earhart
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post #6 of 20 (permalink) Old 07-05-2006, 09:00 PM
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post #7 of 20 (permalink) Old 07-05-2006, 09:17 PM
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piece of shit
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post #8 of 20 (permalink) Old 07-05-2006, 10:09 PM
 
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Quote:
Originally Posted by snair
piece of shit
yep...that guy ruined so many lives
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post #9 of 20 (permalink) Old 07-05-2006, 10:38 PM
 
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He never had to go through what he put all those people through. He lived a life of luxury on their dime and never had to pay for it. He was 63 not that thats old but 63 years of galavanting around spending everyone elses money.

I stand by what gladiator said. He got of easy.
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post #10 of 20 (permalink) Old 07-06-2006, 01:09 PM
 
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Its the American dream baby!
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post #11 of 20 (permalink) Old 07-06-2006, 01:41 PM
 
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Quote:
Originally Posted by STONE
He never had to go through what he put all those people through. He lived a life of luxury on their dime and never had to pay for it. He was 63 not that thats old but 63 years of galavanting around spending everyone elses money.

I stand by what gladiator said. He got of easy.
so do most people who are CEO's of major corporations.

What nobody tells you is that a lot of those people who "lost everything" were plain and simple...idiots.

They had no financial thinking other than pure greed.

Here's the facts they dont tell you.

When people were "encouraged" to invest in Enron it was in the form of stock options.
These options were in leiu of bonuses that they would have had to pay taxes on.
So greed step one, gimmie the stock at areduced rate instead of money so i dont have to pay any taxes on it.

Next, they were encouraged to invest their 401k money into the company by being offered "extra" options if they did so.
Meaning that they didn't have to buy enron stock with their 401k money, but if they did, they were given a small bonus on the amount of stock they could buy. instead of 100 shares, they might get 110 if they bought Enron stock.
So greed step two, they wanted more money so they primarily invested in Enron stock instead of doing what any financial analyst in the world will tell you, diversifying into a broad spectrum of stock and bonds and other investments in case of market corrections in one sector.

finally, they were just plain and simply stupid when they kept all of their money in one specific stock period.
Would it have been any different if they had been entirely invested in CISCO stock or Lucent stock or even Amazon stock when any of the above mentioned took major hits in the market?
Yes it would, we wouldn't coddle them and feel all sorry for them for being idiots and not knowing what the fuck they were doing.
In fact, there are many people who DID take it right in the ASS when the above three took major corrections.


Money isn't something to just be blindly placed into investments. People make and lose millions of dollars by risking their money on a daily basis.

A large majority of these people lost what was GIVEN to them by the company. It was in the form of bonuses paid out on the very "cooked books" that people have gone to prison for.

If these books hadnt been cooked, they would have never received it in the first place.

Also, keep in mind that the practice of encouraqging employees to invest in the company they work for by giving them extremely low priced stock options is rampant throughout the world. Not jsut here in the USA. It is used by almost every single Fortune 500 company in the world. And many financial analysts have warned people for years that this very thing could have happened.



This is no different than the S&L scandal of years past with one giant exception, this one is going to cost more, because people are even dumber now than they were then when it comes to investing.
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post #12 of 20 (permalink) Old 07-06-2006, 02:31 PM
 
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Is there any difference in this than any of the coal mine schemes where the workers worked for the coal mine co., rented their house from the company, and bought their food from the company and never really made a dime their whole life? or anything else like this that has been going on since the beginning of time

I am not sure which is worse the sliding scale of what is deemed right vs wrong or the sliding scale of ignorance vs fact.
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post #13 of 20 (permalink) Old 07-07-2006, 10:41 AM
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Maybe Geogre W. did a favor for his old friend and staged the death.


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post #14 of 20 (permalink) Old 07-07-2006, 03:02 PM
 
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Quote:
Originally Posted by dontpntpool
Is there any difference in this than any of the coal mine schemes where the workers worked for the coal mine co., rented their house from the company, and bought their food from the company and never really made a dime their whole life? or anything else like this that has been going on since the beginning of time

I am not sure which is worse the sliding scale of what is deemed right vs wrong or the sliding scale of ignorance vs fact.
or the Six Companies who built the Hoover Damn......
Or the raping of people in the Depression to pay others......


what's worse is that people have become accustomed to it because they all want to be the greedy bastard.

Thus the reason people win 100 million dollar lawsuits all the time.....


cause people always want to "punish" the big bad company for giving people what they asked for.
Cigarettes
Phen-Phen
Thalidimide
etc
etc
etc
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post #15 of 20 (permalink) Old 07-07-2006, 04:45 PM
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budha is right, one word: Diversify. Dump 100% of your money in one place, and you are an idiot.


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post #16 of 20 (permalink) Old 07-07-2006, 05:17 PM
 
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Quote:
Originally Posted by kneedragger77
budha is right, one word: Diversify. Dump 100% of your money in one place, and you are an idiot.
Then why do you still have all your pennies (all twelve of them) in the same piggy bank since you were 5?


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post #17 of 20 (permalink) Old 07-08-2006, 12:12 AM
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post #18 of 20 (permalink) Old 07-08-2006, 07:11 AM
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Quote:
Originally Posted by R1Budha
He's with Elvis, John and Bobby Kennedy, and the girl who teddy killed (accidentally).....


and they are all on an island with Amelia Earhart

Too bad it isn't the movie 'The Island' location, could get some spare body parts use out of him


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post #19 of 20 (permalink) Old 07-10-2006, 06:06 AM
 
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Quote:
Originally Posted by R1Budha
Would it have been any different if they had been entirely invested in CISCO stock...when any of the above mentioned took major hits in the market?


You meanie.
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post #20 of 20 (permalink) Old 07-10-2006, 08:43 AM
 
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Originally Posted by 04R1Belgium


You meanie.
hehe


you should invest in Juniper!

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