Wednesday, April 16, 2008

Three former CEOs walk into a bar...

Yeah, right, like they'd be welcome in a bar. Who am I kidding? Saw last night that even McCain, Republican nominee, is bashing Corporate Greed on the stump these days. "Americans are also right to be offended when the extravagant salaries and severance deals of CEOs -- in some cases, the very same CEOs who helped to bring on these market troubles -- bear no relation to the success of the company or the wishes of shareholders," he said.

Likewise, Henry Blodgett, at Silicon Alley Insider has come forward calling for Ken Thompson at Wachovia, and others at the center of the financial mismanagement crisis, to quit ducking responsibility and just plain quit. As a few posters pointed out, it might be fitting if they fix the mess first, then quit, but the ultimate game plan is to hold themselves accountable for the dice roll. And don't miss that fact, in most cases it was indeed a calculated dice roll.

I keep coming back to the lesson, the example, I want my kids to get from this. I hope and pray that what they take away is not that the top 1% of Corporate America can get away with whatever carnage is caused to the rest of society because that's the price of capitalism; not that social Darwinism, as we see it held high today, is an acceptable excuse for the socio-economic divide we now see clearly laid bare in this country.

I want them to see that the golden rule is still golden. Just that. Can we just get back to that? Yes, I'm that simple-minded.

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