Comments on: Angelo’s Ashes http://www.ritholtz.com/blog/2009/06/angelo%e2%80%99s-ashes/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 16:55:10 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: sellthekids http://www.ritholtz.com/blog/2009/06/angelo%e2%80%99s-ashes/comment-page-1/#comment-185944 sellthekids Tue, 23 Jun 2009 18:53:27 +0000 http://www.ritholtz.com/blog/?p=29835#comment-185944 i'm confused...by giving us a link to the .pdf aren't you helping us bypass the subscriber-only requirement found on the New Yorker website? the full article requires registration and registration requires a subscription. ~~~ <strong>BR</strong>: They sent me a PDF -- I assumed they wanted me to share it! i’m confused…by giving us a link to the .pdf aren’t you helping us bypass the subscriber-only requirement found on the New Yorker website?

the full article requires registration and registration requires a subscription.

~~~

BR: They sent me a PDF — I assumed they wanted me to share it!

]]> By: Mannwich http://www.ritholtz.com/blog/2009/06/angelo%e2%80%99s-ashes/comment-page-1/#comment-185848 Mannwich Tue, 23 Jun 2009 14:43:39 +0000 http://www.ritholtz.com/blog/?p=29835#comment-185848 Time to enact a 90% executive sociopath tax on executive income derived from anti-social, sociopathic tendencies. There, that problem is fixed. Time to enact a 90% executive sociopath tax on executive income derived from anti-social, sociopathic tendencies. There, that problem is fixed.

]]> By: RangerTurtle http://www.ritholtz.com/blog/2009/06/angelo%e2%80%99s-ashes/comment-page-1/#comment-185834 RangerTurtle Tue, 23 Jun 2009 13:59:46 +0000 http://www.ritholtz.com/blog/?p=29835#comment-185834 Agree with 'jqui'! This man hurt many many people and walked with millions. He's just as bad as Madoff! Agree with ‘jqui’! This man hurt many many people and walked with millions. He’s just as bad as Madoff!

]]> By: toddie.g http://www.ritholtz.com/blog/2009/06/angelo%e2%80%99s-ashes/comment-page-1/#comment-185798 toddie.g Tue, 23 Jun 2009 12:51:17 +0000 http://www.ritholtz.com/blog/?p=29835#comment-185798 One of the more WTF moments I can remember is hearing Angelo Mozilo's $110 million compensation package given by BofA upon acquiring Countrywide, and Kenneth Lewis's statement that "Angelo should go have some fun." For me, that's the poster child example for how out of touch with reality Corporate America is. An egomaniacal, self-absorbed CEO drives his company into the ground and gets a hugely undeserved bonus for doing so while getting the well wishes from the acquiring, egomaniacal CEO. I do hope that the fraud case against Mozilo finds him guilty. One of the more WTF moments I can remember is hearing Angelo Mozilo’s $110 million compensation package given by BofA upon acquiring Countrywide, and Kenneth Lewis’s statement that “Angelo should go have some fun.”

For me, that’s the poster child example for how out of touch with reality Corporate America is. An egomaniacal, self-absorbed CEO drives his company into the ground and gets a hugely undeserved bonus for doing so while getting the well wishes from the acquiring, egomaniacal CEO.

I do hope that the fraud case against Mozilo finds him guilty.

]]> By: jqui http://www.ritholtz.com/blog/2009/06/angelo%e2%80%99s-ashes/comment-page-1/#comment-185791 jqui Tue, 23 Jun 2009 12:36:05 +0000 http://www.ritholtz.com/blog/?p=29835#comment-185791 He deserves no sympathy. He was a greedy corrupt pig . He deserves a prison cell. He deserves no sympathy. He was a greedy corrupt pig . He deserves a prison cell.

]]> By: VennData http://www.ritholtz.com/blog/2009/06/angelo%e2%80%99s-ashes/comment-page-1/#comment-185773 VennData Tue, 23 Jun 2009 10:16:07 +0000 http://www.ritholtz.com/blog/?p=29835#comment-185773 I would have liked to hear more about the luncheons ...and the executive mess strewn hither and yon with cholesterol-friendly chip detritus, Mr. Pibb empties, and those clear plastic Subway bags doing double duty as makeshift place settings. I would have liked to hear more about the luncheons …and the executive mess strewn hither and yon with cholesterol-friendly chip detritus, Mr. Pibb empties, and those clear plastic Subway bags doing double duty as makeshift place settings.

]]> By: John http://www.ritholtz.com/blog/2009/06/angelo%e2%80%99s-ashes/comment-page-1/#comment-185768 John Tue, 23 Jun 2009 05:48:22 +0000 http://www.ritholtz.com/blog/?p=29835#comment-185768 The vast majority of people who exercise "bad judgment and poor decision-making skills" are fired very quickly, usually with a skimpy severance package at best. But do this as an executive and you walk away with more than most make in a lifetime in order to NOT work. This example is one reason why executive compensation should have a major portion based on the long-term (say five years or more) future performance of the company. The vast majority of people who exercise “bad judgment and poor decision-making skills” are fired very quickly, usually with a skimpy severance package at best. But do this as an executive and you walk away with more than most make in a lifetime in order to NOT work. This example is one reason why executive compensation should have a major portion based on the long-term (say five years or more) future performance of the company.

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