A little over two years ago when I retired; the people at work gave me a party. My boss presented me with some service awards for 27 years of faithful service, and he made a speech bragging on my dependability and how I would be missed, blah, blah, blah. We had cake and ice cream. I walked away from the job with a modest pension and health insurance for life, a valuable reward for enduring the stress and strain of working for years and years at making a living.
Yesterday, there was a news story about the CEO of a major company who was fired for losing the company eight billion dollars. Where I worked if I had been responsible for the loss of as little as 100.00 because of my own negligence, or malfeasance, I would have been fired too. There would have been no pension, insurance, nada.
But, this person, who dropped 8 billion (Yes that's 8 followed by nine zeroes) into the abyss, walked away with a paycheck of 160 million dollars. Most people today think there is something amiss in America, and this is just one of the many things in our country that makes no sense. If a person is so talented and competent that he can earn his company billions of dollars in profit, then, OK, cut him a check for a few million. But, if that person causes a loss of 8 billion dollars, shouldn't he be held accountable? Jail may not be out of the question. What do the share holders think? If he's not going to be summoned to an inquisition to explain himself, maybe a talk show host should invite him to appear on their show for an interview. I would like to hear what he has to say. What was he doing when the dollars began to flow out the sluice gate?
2 comments:
that sure is disgusting . I guess its the old saying about the rich man does the dancing while the poor man pays the band.
paradoxical, huh.....
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