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Old 02-05-2009, 02:02 PM   #1
XOM
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Default Hovnanian CEO Gets Performance Bonus as Company Value Drops 76%

That's the Bloomberg headline to the story, which is entirely misleading because $7.3M of the compensation was in stock options that are now worthless.

It's that kind of irresponsible sensationalism that keeps the public misinformed and gets them to cast a vote toward ever increasing regulation.

Full story here

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