Friday, November 21, 2008

Stupid CEO Tricks

What kind of idiot, on the way to ask for a loan, takes a jet. The heads of the Big Three, apparently.
These men, as if we needed any more proof, are morons. After that PR travesty, GM is selling two of its 5 jets, while Ford is looking at selling its five.
Corporate jets which high-flying executives get access to are just one part of our culture of inequality. It may surprise you, but there is no law of the universe that states that CEOs must be paid tens of millions of dollars... only a few decades ago, a CEO made only 40 times what a normal worker makes, rather than several hundred times. It was only when people started arguing that we need exorbitant salaries to attract those most qualified (like these 3 morons) that CEO pay went through the roof.
This seems an especially good illustration of what's wrong with conservatism. Throughout this entire automaker bailout debate demonizing unionized workers for receiving benefits, but somehow don't see anything wrong with this.
This is also a good illustration of why these bailouts need string and rules. I don't want to see an automaker bailout end up in some scumbags CEO's account, like some of the money from our other bailout has.

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