Wednesday, August 16, 2006

Boardroom Shenanigans.........

Wall Street shenanigans are alive and well. As well, the boys in the corporate boardrooms who fly off in the corporate jets every weekend to play golf are still up to their old tricks of fleecing the common shareholder.

I don't have a clue when or how shareholders will actually reign in the nonsensical compensation packages afforded many of these captains of industry but it is overdue. The dissconnect between how much shareholders make in stock gains versus how much the top cats make in compensation is truly astounding.

Le's look at one case with a fairly big stock. This fat cat running Pfizer is a fine example. Over the past 5 years the guy pulls over $60,000,000 in compensation and then when "his" Board of Directors can't stomach any more pain they "reward" the dude with an $80,000,000 plus severance package. Meanwhile the stock price tanks 40%.

Not bad work if you can get it.

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Native American Advisors CHIPPEWA PARTNERS

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173