Ever had a dream just disintegrate before your very eyes? - F-Body Road Racing and Autocross Forums

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NJSPEEDER View Member Profile	Oct 7 2008, 08:01 PM Post #2
Member Group: Advanced Members Posts: 208 Joined: 28-September 08 Member No.: 2,311	QUOTE (mitchntx @ Oct 7 2008, 02:32 PM) Any one read or watch Richard Fuld being grilled over his "severance" from Lehman? "It is reported you took in excess of $500M when you left." "That isn't correct, sir. My salary was $60M and my stock option package was $250M. A big number, but not $500M." Later on Fuld got a little "testy" ... "Where was the government's bailout when my company needed it?" The arrogance of these CEOs ... That is exactly the problem. People, CEO's included are taught to buy buy buy and live right now, never thinking about the long term. CEO's and sales people live for bonus' without regard for what the future holds. Hell, if you were a CEO and you got 20+ million in bonus' a year AND if you did mess up enough to get fire you had to walk away with "only" his $250mill, what would your plan be? 99.9999% of us would take the money and run. It is the financial version of the run and shoot offense. Get it moving, get what you can, get out. -Tim

Posts in this topic

mitchntx Ever had a dream just disintegrate before your very eyes? Oct 6 2008, 08:14 PM

FBody383 QUOTE (mitchntx)Oh well, just thought I'd rant... Oct 6 2008, 08:46 PM

firehawkclone I know how you feel on a smaller scale. Sat the mo... Oct 6 2008, 09:35 PM

roadracetransam QUOTE (firehawkclone @ Oct 6 2008, 02:35 ... Oct 6 2008, 10:44 PM

rmackintosh QUOTE (firehawkclone @ Oct 6 2008, 04:35 ... Oct 7 2008, 12:55 AM

NJSPEEDER My view of the situation is simple, unless you are... Oct 6 2008, 09:41 PM

mitchntx QUOTE (NJSPEEDER @ Oct 6 2008, 04:41 PM) ... Oct 6 2008, 10:05 PM

trackbird QUOTE (mitchntx @ Oct 6 2008, 06:05 PM) D... Oct 7 2008, 12:32 AM

cccbock QUOTE (trackbird @ Oct 6 2008, 08:32 PM) ... Oct 7 2008, 01:02 AM

Eugenio_SS QUOTE (trackbird @ Oct 6 2008, 08:32 PM) ... Oct 14 2008, 12:40 PM

SStrokerAce QUOTE (NJSPEEDER @ Oct 6 2008, 05:41 PM) ... Oct 10 2008, 01:55 PM

mitchntx QUOTE (SStrokerAce @ Oct 10 2008, 08:55 A... Oct 12 2008, 11:22 PM

rmackintosh Sorry to hear of your plight Mitch.....this year h... Oct 7 2008, 12:58 AM

98_1LE Hang in there Mitch! Your dream hasn't dis... Oct 7 2008, 01:14 AM

nape The ray of sunshine about the whole situation? At ... Oct 7 2008, 04:08 AM

roadracetransam I think we are all having a crappy year. As for ... Oct 7 2008, 06:48 AM

pknowles As someone who is just starting his career in Janu... Oct 7 2008, 10:44 AM

NJSPEEDER Mitch, if you wanted to retire at 55 you were look... Oct 7 2008, 11:06 AM

CMC#5 When one door closes another one opens. Sorry Mitc... Oct 7 2008, 12:31 PM

98_1LE Social security will be around as long as there ar... Oct 7 2008, 12:46 PM

AllZWay QUOTE (98_1LE @ Oct 7 2008, 07:46 AM) Soc... Oct 7 2008, 02:22 PM

sgarnett The good and the bad: The world economy is in the... Oct 7 2008, 02:16 PM

ledfoot2 I feel for you Mitch. Two years ago I was racing ... Oct 7 2008, 02:40 PM

mitchntx 401K .... January 08 - $650K+ across fixed, U... Oct 7 2008, 03:03 PM

Jeff94TA QUOTE (mitchntx @ Oct 7 2008, 11:03 AM) 4... Oct 7 2008, 03:35 PM

AllZWay QUOTE (Jeff94TA @ Oct 7 2008, 10:35 AM) Q... Oct 7 2008, 07:44 PM

sgarnett Ouch. The amount of wealth that is simply evaporat... Oct 7 2008, 03:26 PM

NJSPEEDER The market is in a natural cycle, this time it is ... Oct 7 2008, 05:44 PM

sgarnett I think there's a bigger problem than that. Th... Oct 7 2008, 06:13 PM

mitchntx Any one read or watch Richard Fuld being grilled o... Oct 7 2008, 06:32 PM

matt f I know of people who were literally only months fr... Oct 7 2008, 06:37 PM

sgarnett Fixed income hasn't proven to be very safe eit... Oct 7 2008, 07:00 PM

ledfoot2 I would use a coffee can burried in the back yard.... Oct 7 2008, 07:29 PM

pknowles QUOTE (ledfoot2 @ Oct 7 2008, 03:29 PM) I... Oct 7 2008, 07:45 PM

NJSPEEDER QUOTE (mitchntx @ Oct 7 2008, 02:32 PM) A... Oct 7 2008, 08:01 PM

Jeff97FST/A Funny you mention the coffee can. We went to a par... Oct 7 2008, 08:04 PM

matt f Of course, you could be like a friend of the famil... Oct 7 2008, 08:57 PM

CMC #37 QUOTE (matt f @ Oct 7 2008, 03:57 PM) Of ... Oct 8 2008, 12:55 AM

jensend QUOTE (matt f @ Oct 7 2008, 02:57 PM) Of ... Oct 8 2008, 01:27 AM

sgarnett Another day, another month's pay gone Oct 7 2008, 09:36 PM

mitchntx QUOTE (sgarnett @ Oct 7 2008, 04:36 PM) A... Oct 7 2008, 10:39 PM

BigEnos Yeah my 401K is down about 25% or so on the year, ... Oct 8 2008, 01:29 AM

MikeP-99Z Mitch: Wait for some good heavy rains, climb up o... Oct 8 2008, 07:09 AM

johns68 Sorry, gotta dive into the rant ... both anecdotal... Oct 8 2008, 07:30 AM

mitchntx QUOTE (johns68 @ Oct 8 2008, 02:30 AM) to... Oct 8 2008, 10:16 AM

mitchntx OK .. so lets look at this a diferent way ... The... Oct 8 2008, 12:57 PM

marka Howdy, QUOTE (mitchntx @ Oct 8 2008, 08... Oct 8 2008, 01:58 PM

mitchntx QUOTE (marka @ Oct 8 2008, 08:58 AM) Taki... Oct 8 2008, 08:05 PM

FBody383 QUOTE (mitchntx @ Oct 8 2008, 03:05 PM) Q... Oct 8 2008, 08:48 PM

marka Howdy, QUOTE (mitchntx @ Oct 8 2008, 04... Oct 9 2008, 03:11 PM

pknowles The Fed came out and lowered interest rates yester... Oct 8 2008, 02:22 PM

sgarnett Re the media, on any situation in which I've h... Oct 8 2008, 03:34 PM

FBody383 QUOTE (mitchntx)Any one read or watch Richard Fuld... Oct 8 2008, 08:43 PM

T.O.Dillinder Mitch, Find happiness in the fact you have your h... Oct 16 2008, 03:53 AM

98_1LE Yes, a 401k loan simply takes the money out of the... Oct 9 2008, 02:43 AM

FBody383 QUOTE (98_1LE)I believe the money I yanked from my... Oct 9 2008, 02:32 PM

bsim There is absolutely no reason to ponder the value ... Oct 9 2008, 03:25 AM

mitchntx QUOTE (bsim @ Oct 8 2008, 10:25 PM) There... Oct 9 2008, 09:31 AM

bsim Oops, sorry Mitch. I gets b!tched at at work ... Oct 9 2008, 03:55 PM

bowtieboy Anyone take a look at the market today . .......I... Oct 9 2008, 10:03 PM

PeteL Pete's rules for investing:If you need the mon... Oct 10 2008, 01:04 AM

sgarnett I really screwed up. Even though the 1999 Miata Sp... Oct 9 2008, 11:51 PM

bsim Brad's investing advice = Do the OPPOSITE of e... Oct 10 2008, 01:13 AM

CMC #37 QUOTE (bsim @ Oct 9 2008, 08:13 PM) Brad... Oct 10 2008, 01:30 AM

sgarnett Oh, I am buying a little stock now, as I can, and ... Oct 10 2008, 01:39 AM

Rob Hood QUOTE (sgarnett @ Oct 9 2008, 06:39 PM) O... Oct 10 2008, 03:19 AM

mitchntx Gm stock was and $4.xx /share and Ford stock ... Oct 10 2008, 06:54 AM

sgarnett Well, right now the most of the Asian/Australian m... Oct 13 2008, 01:19 AM

mitchntx LOL .... Oct 13 2008, 10:23 AM

v7guy while I'm sure things will continue getting wo... Oct 13 2008, 12:57 PM

sgarnett I agree it's a good time to buy (well, maybe n... Oct 13 2008, 03:10 PM

SStrokerAce Did today help?? Friday had all the signs of the ... Oct 13 2008, 08:13 PM

pknowles QUOTE (SStrokerAce @ Oct 13 2008, 04:13 P... Oct 13 2008, 09:05 PM

SStrokerAce QUOTE (pknowles @ Oct 13 2008, 05:05 PM) ... Oct 14 2008, 02:25 AM

sgarnett QUOTE (SStrokerAce @ Oct 13 2008, 09:25 P... Oct 14 2008, 03:37 AM

pknowles QUOTE (SStrokerAce @ Oct 13 2008, 10:25 P... Oct 14 2008, 03:45 PM

mitchntx QUOTE (pknowles @ Oct 14 2008, 10:45 AM) ... Oct 14 2008, 04:04 PM

sgarnett QUOTE (pknowles @ Oct 14 2008, 10:45 AM) ... Oct 15 2008, 12:50 AM

mitchntx I need some Maalox .... Oct 13 2008, 08:30 PM

mitchntx <burp> Oct 14 2008, 06:37 AM

AndyJ Hey all! Yep, still around! . I t... Oct 17 2008, 05:28 PM

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mitchntx View Member Profile	Oct 6 2008, 08:14 PM Post #1
Nothing says 'I love you.' like a box of Hydroshoks Group: Moderators Posts: 5,284 Joined: 23-December 03 From: Granbury, TX Member No.: 4	Since about 30, I've been saving, scrimping and hoarding pennies, working 2 jobs, 3 sometimes, all so that I could retire at 55. Everything ... mortgage, debt, housing amenities, shop, tools ... everything was set up on this idea that I could retire with reasonable comfort and then work as I wanted, when I needed and do what I liked. The last year has seen that dream slowly dwindle into the reality that I will have to work at this stinking job till I'm a hundred and 55. (IMG:http://www.frrax.com/rrforum/style_emoticons/default/unsure.gif) My job is great ... been there since March of 1982. I really like what I do. Unfortunately it comes with it's share of migraine headaches, mostly with the title of Manager attached somewhere. I was talking with a very good friend yesterday and he made some really good sense. Might as well pull all the money from market accounts and buy a new car. The drop in value couldn't be any worse. Oh well, just thought I'd rant a while ... kind of feeling sorry for myself. So I want all of you to feel bad, too. (IMG:http://www.frrax.com/rrforum/style_emoticons/default/drink.gif)