I call bullshite
 

This isn't already the case? Where's the problem with that? And the implication is that Grasso knew what his package contained (heh), but that the board did not. If so (which we don't know either way), then that's a fundamental flaw in the governance structure.

I call bullshite
 

the board has ultimate accountability. Grasso made a market deal and has been wrongly harassed by a political opportunist and wayward conflicted riddled judge.

I call bullshite
 

How do you call something a "market deal" when it's not negotiated at normal arm's length, but rather at the length necessary for a reach-around?

I call bullshite
 

Define the positioning on that one.

I call bullshite
 

I'm quite certain it would be the board receiving the reach around and the assfucking, especially given that you think the board should be a named defendant.

I call bullshite
 

they should be named as a defendant because they were derelict in their duty. in your scenario I am not sure how that plays out.

I call bullshite
 

Too distracted by Grasso's bsd combined with the reach around to actually review the numbers? Or to notice that some of the numbers were missing?

I call bullshite
 

The former is all on them, the latter is fraud. I don't know that there has been any accusation of that. Cite please?

I call bullshite
 

I don't know that there has been either, but one implication of what you posted earlier is that it has not been the case that CEOs make their boards aware of what's actually in the package:

"The opinion, suggests Barrall, means that at a minimum CEOs will have to make sure 'the board understands the numbers and all the elements of the [leader’s] pay package and how they work together.'"

If the board isn't paying attention, then this would be an impossible task. If it is the norm that the information provided is not complete enough to be understood, then there is a new obligation on the CEO. I'm speculating here.

I call bullshite
 

I read it as implying that Ramos doesn't know his ass from his elbow and the judgment will go down in flames on appeal.

I call bullshite
 

Oh, make no mistake, without plowing through the whole opinion, I agree that it has no chance of being upheld on appeal. Ramos clearly stepped past where he should have, but that doesn't resolve the underlying issue. In any event, don't you think that the result will be reversal followed by some sort of settlement? Especially after Spitzer decamps to the governor's mansion and starts planning, in earnest, for his presidential bid.

soap on a rope
 

Please send to

Jeffrey Skilling
c/o Inmate Mail/Parcels
BUTNER FMC
P.O. BOX 1600
BUTNER NC 27509

soap on a rope
 

Another miscarriage of justice?

soap on a rope
 

I am indifferent and have not followed the facts closely enough to render an opinion on his conviction, although generally speaking I think sentencing white collar criminals to 24 years in jail is waste of resources. Full time public service for 10 years plus fines would be a much more rewarding and productive result for the society that he inflicted damage on and I doubt if he would enjoy it much more.

I call bullshite
 

More importantly, what the heck is Spitzer doing usurping the rights of the shareholders to bring suit on their own behalf?

Ah, but there's the rub - they probably wouldn't have. Grasso oversaw such a rise in shareholder value that they were likely only too happy to pay him what he got.

But Spitzer had a campaign to run, don'cha know . . .

I call bullshite
 

Actual question--which I can't answer in ten seconds on google--who were the shareholders in the NYSE while Grasso was there (i.e. pre-ipo)? Grasso wasn't (couldn't be) given his comp in stock, so it's not the same as your typical highly-comp'd CEO.

I'm not sure how I feel about Spitzer's activist role for the AG in all of the financial services litigation, except that it was/is clearly designed as the centerpiece of his political campaigns, which I don't like. If a non-higher-office-seeking AG did the same thing, I don't know what I'd think about it.

soap on a rope
 

Throw in some sort of home confinement or travel restrictions and I think that I'd agree with you.

I call bullshite
 

The There WERE no shareholders prior to the IPO. NYSE was a non-profit. Jesus H, people, do some fucking research before criticizing Spitzer. No, I have not researched what tax breaks it got. No, I don't know what kind of non-profit it was.

Think of the United Way head who got busted.

I call bullshite
 

Hey, I did do some research, but was too lazy to really follow through. So, in the absence of shareholders, my follow-up question would be--Who besides the AG would have had standing to sue Grasso?

I call bullshite
 

the IRS? Not sure. Research the United Way case.

Though I think the NYSE was a different kind of nonprofit than the United Way is.

soap on a rope
 

Done. This can be a new paradigm for harmony between us!!!

:bounce:

I call bullshite
 

Why are you defending Spitzer? He is an opportunist socialist douchebagge?

Also, weren't the seatholders on the exchange somewaht akin to shareholders pre-IPO?

I call bullshite
 

Actually, as I think about it, with no research, doesn't the AG in most states have some sort of oversight role for NFPs? I have a faint recollection of something like that. Maybe it's just charities, but is there a legal corporate distinction (i.e. ignore the Code) between a charitable NFP and the NFP that the NYSE was?

I call bullshite
 

As I am not a member of the NY bar, yet,. I am wary of opining.....

I call bullshite
 

I call bullshite
 

I don't think he's usurping any rights, except maybe teh decision not to bring a lawsuit. Good thing the NYSE wasn't incorporated in Delaware--definitely no suit there.

I call bullshite
 

Is he usurping the rights of the taxpayers not to have their tax dollars used in his support of his campaign for governor?

Rush Limbaugh is an asshole
 

CHICAGO - A judge in a case closely watched by those who oppose circumcision sided Tuesday with a divorced man who did not want his 9-year-old son to undergo the procedure.

Circuit Judge Jordan Kaplan said that circumcision is “an extraordinary medical procedure” for a 9-year-old and that the boy can decide for himself when he turns 18.

The boy’s father sued to block the operation in a dispute with his ex-wife. The couple’s 2003 divorce decree gave the father the right to be consulted before the boy underwent any “extraordinary” non-emergency procedure.

The father said he believed surgical removal of the boy’s foreskin could cause long-term physical and psychological harm. The child’s mother wanted the procedure to prevent recurring infections. She testified that the boy had suffered five bouts of painful inflammation and had begged her to help him.

I knew a guy who had a circumcision at the age of 24 for recurring infections. He said it was the most painful thing he'd ever done, but it was better than the infections - which, I guess, are really really miserable. He said he'd wished his parents had done it when he was born so he didn't have to go through that.link

Rush Limbaugh is an asshole
 

What does Rush Limbaugh have to do with any of this?

Rush Limbaugh is an asshole
 

You may want to delete that post, it is potentially defamatory....certainly outrageous!

Rush Limbaugh is an asshole
 

Nothing. It just need to be said. Because he is.
Moreso now than before.

Rush Limbaugh is an asshole
 

cite please?

Rush Limbaugh is an asshole
 

I used to have a partner in my real estate ventures who claimed that circumcision seriously diminished the potential for sexual pleasure in men that have it done. He was part of a group that was trying to discourage its use. He was pretty weird, and I didn't like him much, so I never paid much attention nor checked into it.

Rush Limbaugh is an asshole
 

You've heard the story. I know you have.

Rush Limbaugh is an asshole
 

Why would he care about other men's sexual pleasure?

And I guess the only ones who will really know are the ones who've had it done as adults.

Rush Limbaugh is an asshole
 

Er, he accused him of playing up his disease for the camera and/or not taking his meds.

Since Fox himself states in his own autobiography that he has in the past neglected to take his medication for "stronger effect " makes Rush's allegation not far from the mark.

That the ad completely misrepresents the current state of stem cell research is a topic best suited for another Board.

Rush Limbaugh is an asshole
 

One last thing, and then I'm done. I don't know exactly what meds Michael J. Fox is taking, but as a general rule, not taking the meds causes the muscles to freeze up, or lock. The opposite effect. I said nothing about stem cells.

Rush Limbaugh is an asshole
 

I thought he was a Republican, no?

Rush Limbaugh is an asshole
 

Who cares what MJFox has to say?!?! He's friggin no nothin actor. Not to mention that I think he is Canadian, and as such should keep his nose out of our politics unless he wants us to annex he wimpy little land.

Seriously, let em move to France if he doesn't like it here. He can hang out with Alec Baldwin.

Bye Bye Ballantine
 

Yesterday, the executive committees of Orrick, Herrington & Sutcliffe LLP of San Francisco and Dewey Ballantine LLP of New York approved the main terms of a merger. The combined firm, to be called Dewey Orrick LLP, would have more than 1,500 lawyers and rank among the 15 largest U.S.-based law firms in terms of lawyers if the merger is approved by the firms' partners, who are due to vote later this year.

I wonder if Orrick has heard about the propensity of certain people to allegedly make jokes about Asians eating cats???