Just Realized Something

[erpowers]

Earlier today I posted about how when I was at the ESPN message board I had seen a message complaining about the problem in America. One of the problems the person talked about was CEOs stealing money from their companies and causing the employees to lose all their money. One of the poster tried to blame all the problems on liberals. A few minutes ago I was thinking about the message on ESPN and how the Republicans tried to blame President Bill Clinton for the ENRON failure and the other business scandals. At that moment I had the thought that most of these CEOs were Republicans. It is just surprising how the Republicans tried to blame the whole scandal on Clinton and did not mention that the CEOs involved had given large amounts of money to the Republican Party and where Republicans. It is sad that any Republican can blame the Democratic Party and liberalism when the CEOs that are cheating people are die hard Republicans. How do you think people fall for this type of stuff?

[The Backlash Cometh]

1. Point them to Clinton's two vetos.

One of them tried to veto a stupid Republican/Lieberman supported bill that would impede stockholders from suing CEOs. He was overridden. Thanks Lieberman, you putz.

[Poppyseedman]

2. O.K. you confused me.

One of the problems the person talked about was CEOs stealing money from their companies and causing the employees to lose all their money.

Do you mean stock holders instead of employees?

I know employees lose their jobs or might lose whatever small amount of company stock their own, but how does the CEO stealing the company assets make the employee lose money?

Just wondering

[POAS]

3. Not speaking for the other poster but...

employees often lose their money due to managerial theft at the upper corporate levels.

Among the ways they can lose are bankrupt pension funds, failed stock option benefit systems and failed 401k accounts in which all the assets are invested in the failing corporation.

[erpowers]

4. Company Savings

I mainly copied what the person posting and ESPN's message board said, but I assumed the person meant what the third poster in this discussion said loses to 401K accounts and other money invested in the company. Remember how when Enron collasped many employees lost all of their savings.