Comments on: Relaxing their standards at La-Z-Boy… http://www.footnoted.org/earnings-quality/relaxing-their-standards-at-la-z-boy/ Michelle Leder's guide to what's hiding in SEC filings Tue, 06 Jan 2009 03:28:51 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Frank Graham http://www.footnoted.org/earnings-quality/relaxing-their-standards-at-la-z-boy/comment-page-1/#comment-4469 Frank Graham Thu, 17 Jan 2008 18:17:47 +0000 http://www.footnoted.org/earnings-quality/relaxing-their-standards-at-la-z-boy/#comment-4469 Citi/Merrill traders only recourse after firings will now be a hard wooden bar stool at Blarney Stone. Oops add 1300 Lehmans too, just announced. Nearing a Blood in the Streets bottom when your next cabby talks about the good old days at XYZ brokerage. Citi/Merrill traders only recourse after firings will now be a hard wooden bar stool at Blarney Stone. Oops add 1300 Lehmans too, just announced.
Nearing a Blood in the Streets bottom when your next cabby
talks about the good old days at XYZ brokerage.

]]> By: vboscaino http://www.footnoted.org/earnings-quality/relaxing-their-standards-at-la-z-boy/comment-page-1/#comment-4462 vboscaino Wed, 16 Jan 2008 21:41:27 +0000 http://www.footnoted.org/earnings-quality/relaxing-their-standards-at-la-z-boy/#comment-4462 I wonder if the company would also consider reversing the 50% loss the shareholders have seen over the last twelve months and would simply reinstate their positions at the $12/share level? Hey if its fair for management to redefine history on a "as needed basis", shouldn't the shareholders, who actually put their capital at risk to support what appears to be a highly inept management team, be entitled to the same treatment? Seems like the other change to the compensation system that management should be evaluating is asking for bonuses from the preceding year to be returned. I wonder if the company would also consider reversing the 50% loss the shareholders have seen over the last twelve months and would simply reinstate their positions at the $12/share level?

Hey if its fair for management to redefine history on a “as needed basis”, shouldn’t the shareholders, who actually put their capital at risk to support what appears to be a highly inept management team, be entitled to the same treatment?

Seems like the other change to the compensation system that management should be evaluating is asking for bonuses from the preceding year to be returned.

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