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User Info	Have A Turkey in forum [Market-Ticker]
Thatstockguy Posts: 45 Incept: 2009-06-29	Any mention of this? Treasury Secretary Geithner: Lift Debt Limit to Infinity http://cnsnews.com/news/article/treasury.... 2012-11-19 15:55:42 Permalink
Delphis Posts: 1014 Incept: 2009-06-04 Washington	It is already in breaking... ---------- "Two things are infinite: the universe and human stupidity; and I'm not sure about the universe."....Albert Einstein "Be courteous to all, but intimate with few, and let those few be well tried before you give them your confidence."...George Washington 2012-11-19 16:29:32 Permalink
Drkshapiro Posts: 630 Incept: 2012-09-12 Southern CA	Fine, after the re-set it would be nice to have consequences for him and others who are liable. Later on in the Nuremberg Trial for Financial Genocide hold this statement by Geithner in evidence. Any Ivy League attendance adds 10 years to the confinement period, since you should have known otherwise, and if you had some responsibility with a PhD in economics, the key gets thrown away. ---------- Honesty may be the best policy, but its important to remember that apparently, by elimination, dishonesty is the second-best policy. --G Carlin 2012-11-19 17:03:05 Permalink
Medicdan Posts: 8008 Incept: 2010-02-11 Scottsdale, AZ	There's not going to be a fiscal cliff. ---------- Arizona & desert gardening http://azediblegarden.com/ 2012-11-19 17:10:23 Permalink
Drkshapiro Posts: 630 Incept: 2012-09-12 Southern CA	I missed the radio show. How long does it take so you can listen on blogtalk radio afterwards? Thanks. Can that, it's there. ---------- Honesty may be the best policy, but its important to remember that apparently, by elimination, dishonesty is the second-best policy. --G Carlin Last modified: 2012-11-19 18:01:37 by drkshapiro 2012-11-19 17:28:58 Permalink
Rickyd Posts: 585 Incept: 2009-07-07 Ontario, Canada	iTunes now working...never mind. ---------- "We have a crisis of values that is extremely deep" Professor Jeffrey Sachs of Columbia University Last modified: 2012-11-19 18:07:56 by rickyd Reason: It is now downloading. 2012-11-19 18:06:27 Permalink
Andysvw Posts: 1720 Incept: 2010-06-26 Tujunga Ca Online	There are so many people I would love to see trying to run a real business. Gather up all them technocrats and union stooges,let them try right here in LA. With money out of their pockets. They would go postal in six months. Oh you have to be actually good at something before you open the doors. Real businesses make a profit. 2012-11-19 20:13:10 Permalink
Vitchilo Posts: 4574 Incept: 2011-04-27	Yeah I've realized that most people who hate businesses and want to tax/regulate the hell out of them don't know anyone who owns a business/never ran one themselves. They don't understand anything. Just like the folks who want to put every drug addict in prison... when really these people need help, not prison time... they never had a friend/relative who ended up addicted because that's just how their personality works... Ignorance runs the world. ---------- "Every normal man must be tempted at times to spit upon his hands, hoist the black flag, and begin slitting throats." -- H.L. Mencken 2012-11-19 20:14:43 Permalink
Crzymorse Posts: 1186 Incept: 2010-06-25 Maryland	Hostess-will it be the great mediation followed by nationalization? Will Obama cram down one of his biggest fans (Ripplewood) or give Hostess a loan guaranteed? Will Hostess Inc will be deemed vital to the healthcare industry? Of course if Hostess is nationalized they have to make healthy fruitpies and ding dongs. This one could swing a million different ways, where the hell is the Warren Harding. Karl mentioned something about respecting capital structure on the talk show, good timing Karl. BTW- Real business owner here too, about the hardest thing to successfully accomplish on the planet. I disagree with Karl on the public company execs, some are good and some are complete phonies. Remember the GM execs never fixed the labor issue, they kicked the can and borrowed enough money to bankrupt themselves. 2012-11-19 20:23:54 Permalink
Clintb350 Posts: 1451 Incept: 2008-01-19 Southern AZ	Enjoyed your presentation about middle management, which I've managed to belong to for the last 25 years (with a respectable salary). Spent 8 hours working on project schedules and PowerPoints for a major Aerospace & Defense customer last weekend, am on vacation at home this week, but still connected and dealing with work issues. Went on two three day daughter-related trips this year, always connected; thank goodness I only need to work for several more years (hope I'll be OK). Kudos for the daughter trip. 2012-11-19 20:36:15 Permalink
Bertdilbert Posts: 2655 Incept: 2008-12-22 CA	Karl, your story of starting and running a business is pretty much the same as anyone else starting and running a business. Employees clock out and you spend the next couple hours doing payroll and accounting and making work schedules for the next day. The only difference I disagree in what you said is that you only had a couple of bosses (your minority partners). Yet your customers are now in a way your bosses and decide whether or not your company is fired or still has a job. Your job is to make sure non of your employees operate in a manner which causes your company to be fired and retain employment so your employees can still have a job next week. ---------- Dear Euroland: Relax, Germany has a plan for your money! Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro. 2012-11-19 21:12:38 Permalink
Gates Posts: 6260 Incept: 2008-01-29 Scottsdale	Karl you are absolutely right - you want an easy life, go work for a paycheck and leave it all at the door when you clock out - I wanted more and have paid a considerable price but would not change a thing! I will never work for a paycheck again God willing. 2012-11-19 21:18:39 Permalink
Dazedncornfused Posts: 310 Incept: 2010-10-13	http://thisismyillinois.com/ You really have to have a go at Squeezy the Pension Python, Illinois' latest attempt at finance for the Playskool set. Family from the Chicago burbs (teachers social workers) think this initiative is just great. Since teachers are an investment in the future we're so lucky they can retire at 55 and devote time to solving the tax revenue problem. Much to be thankful for, now that I moved away from there. ---------- Stand up and be counted or line up and be numbered. Last modified: 2012-11-20 05:34:39 by dazedncornfused 2012-11-20 05:31:41 Permalink
Genesis Posts: 130678 Incept: 2007-06-26	Those people all need a good skull***ing. ---------- I don't care if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2012-11-20 07:31:40 Permalink
Flappingeagle Posts: 1224 Incept: 2011-04-14	Karl as usual a great post. I like you three categories of labor, mid management, and top management. However, I've always made a distinction that you didn't make and I'd like your take on it. I've always had a 3a and 3b. 3a, you built up the company, own it or a large portion of it, and sink or swim with it. 3b, and this is probably hostess, you are top management that work your way up various corporate ladders (always getting paid even if you got downsized along the way), but now you are at the top. Why do the guys in 3b deserve a big payout if they fail? I include not getting the union to come around in the fail category because as management you knew you had a union to deal with and you were not able to make a deal no matter what that deal was. (I make no claims of being pro or anti union here.) I also don't mind the big payday if top management is successful, I just don't like the idea of big paydays for the guys in 3b when they fail. Continuing on so that you know how I'm thinking on this, I put you and Bill Gates in 3a, but most top management in 3b. I'd love to read your take, Flap ---------- Here are my predictions for everyone to see: S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu. "You can't build a house of cards on a shaking table." - Tony Johns The January 2015 AMZN put at $130 (cost $4.25) will be a winner. 2012-11-20 09:03:27 Permalink
Genesis Posts: 130678 Incept: 2007-06-26	The money being paid here is not all that crazy, and you need some sort of incentive or these people walk -- there's a high probability of failure here. The board's job is to determine if the current management is the right group or if you would have to find someone else. As an example people asked about whether I'd shut up and go FIX RIMM a year or so ago. Sure -- I would -- but there'd be a price. A reasonably-decent salary (after all I HATE snow, and moving to Waterloo isn't exactly my idea of a good time) would surely be part of the mix, along with incentives for success. But you'd have to pay me pretty well to do it simply because the odds of success are rather poor, and as a consequence just getting me in the door is your first challenge. ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2012-11-20 09:11:20 Permalink
Flappingeagle Posts: 1224 Incept: 2011-04-14	Good reply. I guess I'm stuck on the "bonus" part of the compensation while in BK. I don't mind bringing in top management and telling them that you get X to try and turn the company around and, if you are successful then you also get Y. I just am having trouble with the extra money in BK. Now, if that "bonus" is really just a part of X, and maybe shouldn't even be called a bonus then I have no problem. I just hate the idea that a company might be rewarding top management for a failure. Flap ---------- Here are my predictions for everyone to see: S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu. "You can't build a house of cards on a shaking table." - Tony Johns The January 2015 AMZN put at $130 (cost $4.25) will be a winner. 2012-11-20 09:39:50 Permalink
Jackl Posts: 2228 Incept: 2008-01-17	Running a real company blows. I don't hold ultimate responsibility where I work, but I've been asked to help many times from those who do. Unions and the peanut gallery are financially illiterate and only see mega-executives that practically get millions for declaring they had no idea they were running the company into the ground. Trying to build something from scratch is **ing hard. Especially when it is all on you. Unless you really believe Obama's bull** on "Someone helped you" 2012-11-20 15:11:53 Permalink
Mo Posts: 12158 Incept: 2007-06-26 Pa.	Quote: Those people all need a good skull***ing. Wait 'til you're in your late 50's. There gets to be a smaller and smaller set of people to whom the above does not apply. ---------- Welcome to Pottersville 2012-11-20 18:12:37 Permalink*
Gates Posts: 6260 Incept: 2008-01-29 Scottsdale	Those people all need a good skull***ing. Yes they do - and it's coming, like it or not. 2012-11-22 02:35:35 Permalink*

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