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Location: Pantego, Texas, United States

Saturday, February 07, 2009

The recent financial crisis has brought to light on of the major problems with Corporate America, which is the lack of control the owners have over the management of large Corporations. It is clear that the CEO's of major banks were more concerned with increasing their own oversize bonuses than they were in protecting their shareholders interests. CEOs acted like they were the owners, but without any person financial responsibility. It has been clear to me for some time that something has to be done to give owners control of Corporations, or capitalism will collapse. Here is the view of Carl Icahn on this issue:

http://online.wsj.com/article/SB123396742337359087.html

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