tag:blogger.com,1999:blog-21083673.post4152310933500984183..comments2023-10-28T03:07:12.758-07:00Comments on Mirror On America: Stanley O'Neal out at Merrill LynchBrian http://www.blogger.com/profile/07872444863142531165noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-21083673.post-56456364130563887222007-10-30T21:19:00.000-07:002007-10-30T21:19:00.000-07:00I have little sympathy for anyone who gets that ki...I have little sympathy for anyone who gets that kind of money.<BR/><BR/>There should be a cap on how much these guys can walk away with. It seems that O'Neal (and the other big company CEO's) are being rewarded for their bad decision-making. Decision-making is the main reason that they are there... yet when they make bad decisions, they get rewarded....we see it time and time again. Even CEO's that violate ethics, break the law, etc.... they still get over like fat rats.<BR/><BR/>He is basically walking away with the profits that have been accumulated from the high interest (and foreclosure and resale) resulting from the bad loans that were issued in the subprime market. While people are out of their homes due to the jacked up interest rates, he walks away with the benefits from those high rates as well as the fees charged to working class to middle class folks who are struggling everyday to make a living for their families.<BR/><BR/>Merrill Lynch should be using that money to provide funds to banks and other lenders...so that the people who lost or are about to lose their homes can get some kind of refinancing.<BR/><BR/>I know $150 million wouldn't make much of a difference... but it's a question of principle and good ethics (and in a way PR as well.... it's about how an organization deals with people). Sometimes in order to become successful and stay successful, organizations have to look at more than just the bottom line.Brian https://www.blogger.com/profile/07872444863142531165noreply@blogger.comtag:blogger.com,1999:blog-21083673.post-86859677494143212842007-10-30T17:28:00.000-07:002007-10-30T17:28:00.000-07:00Mr. Oneal will be alright.Mr. Oneal will be alright.Attorneymomhttps://www.blogger.com/profile/10247713586224949215noreply@blogger.com