Agree that its unfair to blame management for every share price decline. On the other hand it does make you wonder if they really deserve the outrageous salaries some get paid. A chimpanzee may have been just as successful (probably more so) running Centro, Allco or Merrill Lynch and you could have paid them in peanuts. These guys take home tens of millions while shareholder wealth is destroyed. If they don't want to be blamed then they probably shouldn't try to take credit (and massive bonuses) in the good times.
