Remember when the CEO of GM had to step down because the great one ordained it to be so ? Well, see how soon we get used to the tricks of socialism. Here is another giant step on that road of peril that our neighbour is travelling at breakneck speed.
Insiders have leaked to the news media that the WH will announced shortly that the honchos at 7 firms that had taken the stimulus lifesavers will have to take a pay cut of at least 50%. Nice... eh? Yes, the salaries and bonuses these guys lay claim to, is disgraceful. But, for the government to lay down the terms? Unbelievable !!!
via Drudge: Big pay cuts
I occasionally complain about big organizations with their corporate greed and abuse of power. My dad baited me once, and taught me something: I quickly agreed that the bigger the organization, the more potential for corruption and abuse of power. He then asked me what the biggest organization of all is. I guessed wrong. He told me, “The government.”
ReplyDeleteIMHO, to have these corporations under government control will fix nothing. It’s like putting a lot of smaller mob bosses under one big mob boss. Never mind the fact that good organizations will be hurt for nothing.