Monday, September 22, 2008
Smart Guys
It is interesting to watch the collapse of American corporations as they fall prostrate begging for government intervention. What I don’t understand is what happened to the corporate leaders who get such high pay. Their multimillion dollar compensation packages are justified on the basis of their great business skills yet they seem to be expert only at leading America’s businesses towards bankruptcy. These guys are supposed to be so smart but they appear to be actually quite inept. Maybe if they were paid less they would pay more attention to their work. What is so infuriating is that these high paid executives are so well favored by our federal government when it comes to the tax code. Maybe if they were treated like the rest of us they would do better work
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Or...it could be they are corrupt instead of inept. I have a hard time believing that Enron was the only bad apple. I agree it's disgusting that executives get huge bonuses and exit packages. They should not be rewarded with taxpayer money while the rest of their employees get laid off.
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