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Some execs scored big as company values plunged

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Some execs scored big as company values plunged
Topic: Business 8:04 am EST, Dec 11, 2002

Um, where is the crime here? I'm absolutely sure that all of those individual investors, daytraders, pension funds, and mutual funds all made money during the boom too. Stock picking chimps were making money. The market economy's rule is buy low and sell high. No one in 1999 was willing to predict that it was all going to crash, so stop whining about it.

This is different from people like Enron, or WCOM, or Tyco, or Adelphia who LIED to shareholders and cashed out anyways. EXDS didn't lie to shareholders. ATHM didn't lie to shareholders.

``The fact that they left huge amounts of money on the table does not suggest they knew something was coming,'' Crystal said.

This guy obviously has some brains. Had I known what was coming, I would've sold every share I owned in everything I owned and retired to an apple orchard in northern Michigan. But obviously, I didn't.

Some execs scored big as company values plunged



 
 
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