what a mess

UGL is due to report today.
I foolishly invested in this company. Butb luckily got out when I learned that the CEO (Leuppen?) had planned big payouts for himself.
It is a feature of modern day listed business that there is really only one real focus; feathering your own nest.
The shareholders have been shanghied, left cold and naked on rocks.
The managers and directors keep getting their pay and bonuses while the shareholders eat crow.
This is the shameful face of modern capitalism.
the middle class in the USA is gone; and on the way out in Australia.
The backbone has cancer; so long to go?