CEOs "cashed out" prior to economic crisis

Quicklink submitted by Better World Order     Permalink
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) ; ; ; ; , Add Tags  (less...)

View Ratings | Rate It

opednews.com

Author 4965
Balzac's maxim that "behind every great fortune lies a great crime" may yet prove a fitting epitaph for American capitalism. A recent survey by the Wall Street Journal reveals that CEOs at major US financial and real estate firms converted tens of millions of dollars of overvalued stock into cash prior to the eruption of the current financial crisis, even as many of their corporations approached the precipice.

Read the rest of the story HERE:

At www.wsws.org

- Advertisement -
- Advertisement -

 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments