On August 18, 2009
Demoralised CEOs Need Stiff Upper Lip
Apparently the CEOs of S&P 500 companies are demoralised because they have lost half, or $53 billion, of their personal wealth. Eventually, I managed to wipe the tears from my eyes after laughing so much. The poor dears. Perhaps we should organise a charity drive for them: anyone got a spare jersey to send to them? Why does this make no sense? Let’s take it in stages. Most of us would be delighted to have lost $53 billion of personal wealth, but still have another $53 billion to play with. The CEOs are demoralised because they say the loss was nothing to do with them: it was all down to the stock market which has wiped out their juicy stock option plans….
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