Fore!
Wards of the state gone wild. As corporate welfare spreads, expect to read more reports like this. If you have high blood pressure, avoid all sources of news for the next few years during bonus time on Wall Street.
posted by The Cunning Realist at Friday, November 07, 2008
5 Comments:
I don't get it. These are actual business people making these decisions. Did they all go to the school of Bush? I think University MBA programs should be ashamed of themselves if this is an example of the product they produce. If higher education is suppose to benefit society, we obviously overpaid.
These particular business leaders helped create this crisis, here and around the world, yet with their actions they act like nothing is wrong. Forget "Girls gone Wild". It's "Corporations gone Wild". What are they thinking! They should be sent to the communities across the country, to live, work, and explain themselves. They are self-centered, arrogant, reckless SOB's. (sorry)
Although stories on government waste are just as bad. I don't know why US Government committees can't use teleconferencing, video, Skype, etc. to do their "fact finding" studies, at least 90% of the time.
Hooley, Baird defend Galapagos Islands trip
I saw the original story on Nightline.
Here are some of the other investigative stories by Brian Ross and team:
"IT'S NO JOKE: Fed Hires Failed Bank Executive - Heckuva job, Fed?"
"BLOOMBERG: Lehman CEO Fuld 'Terminated', No Bonus, No Severance"
"COMPLETE BLOTTER COVERAGE: Wall Street of Shame Reports on the economic crisis and corporate scandals."
"Taxpayers May Pay Legal Bills for Mortgage Execs"
$6000 to spend 4-5 hours of out-of-office time with 10 business partners you might do $1 billion each with seems like a reasonable entertainment expense to me. They need to keep doing business.
Half a million at the spa with no customers is excessive.
The interesting thing:
Two years ago this would be splashed all over CNN, Fox News, NBC, etc. as a great business story full of smiling and laughing on the part of the anchor and a rise in stock prices.
So I think that this information is so appropiate and so important, many people do not care any thing but we should be careful about it.
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