The Ugly Side of CapitalismTo be sure, some are merely commonplace sour-grapes attacks on tough bosses, but many more were heart-rending. They paint a picture of an ugly side of capitalism, American style; of greed and incompetence on a grand scale; and of blatant self-interest at the public trough. The greatest number of letters came from angry employees or investors in the 16 companies listed in the chart below and the bankrupt United, Mirant and Touch America Holdings.
|The Good and the Bad |
Which will perform better?
|Company||5-Year High||5-Year Low||June 14 Price||YTD % Change|
|Bad CEOs (Past or Present)|
|Xcel Energy (XEL:NYSE)||31.85||5.12||16.61||-1.4|
|General Motors (GM:NYSE)||94.62||29.75||47.45||-10.0|
|Ford Motor (F:NYSE)||38.79||6.57||15.25||-2.6|
|Bristol-Myers Squibb (BMY:NYSE)||79.25||19.49||25.79||-9.6|
|Delta Air Lines (DAL:NYSE)||72.00||4.50||5.97||-50.8|
|Electronic Data Systems (EDS:NYSE)||76.69||10.09||17.54||-27.6|
|SBC Communications (SBS:NYSE)||59.94||18.85||24.60||-4.8|
|Qwest Communications (Q:NYSE)||65.06||1.07||3.57||-15.3|
|Whole Foods Market (WFMI:Nasdaq)||87.09||14.13||86.31||28.1|
|Expeditors International (EXPD:Nasdaq)||47.68||10.16||45.98||23.8|
|Source: MSN Money|