If the CEOs, other C-level execs (esp. CFOs), directors, major stockholders get screwed along with the taxpayers, then there will be some degree of shared burden.
In Silicon Valley in the early Aughties there was a phenomenon called "wash out". New money came into (some) startups to keep them viable, but the new investors got 90+ % of the company. (The washed out employees generally got to keep their jobs. So it was win-win, where the second "win" is defined as "mostly but not completely lose")
What really burns me about the proposed bailout is the fuckups aren't getting washed out. In fact, they'll see a pop in stock valuation once they dump the crap they invested in.
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In Silicon Valley in the early Aughties there was a phenomenon called "wash out". New money came into (some) startups to keep them viable, but the new investors got 90+ % of the company. (The washed out employees generally got to keep their jobs. So it was win-win, where the second "win" is defined as "mostly but not completely lose")
What really burns me about the proposed bailout is the fuckups aren't getting washed out. In fact, they'll see a pop in stock valuation once they dump the crap they invested in.
- mark 9-21-2008 3:43 pm