The public shaming of America’s CEOs

This shame game just might rein in CEO pay where previous attempts have failed, said Gretchen Morgenson at The New York Times. Once the pay gap is boiled down to an “easily graspable and often decidedly shocking number,” employees and consumers might actually protest, and red-faced corporate boards will be forced to act. As soon as the outlandish ratios begin coming out, we’ll hear from “corporate apologists” that CEOs earn their megamillions, because they deliver impressive returns just like “star baseball players or movie stars,” said Robert Reich at Huffington Post. “Baloney.” The stock market has surged so much over … Continue reading The public shaming of America’s CEOs

Pope — CEO Or Spiritual Leader???

I spent my first fourteen years in the Catholic church but really haven’t kept up with the details except for an occasional theology study.  I know the picture here is a once in an era event. It has been centuries since a pope has resigned from office. The first thought that came to mind when I saw the picture here is that of two very old men embracing each other. I wish the new Pope Francis a successful reign, or whatever his term is called, no matter how many years it is. He was a Jesuit and I know they … Continue reading Pope — CEO Or Spiritual Leader???

Capitalism For Us and Socialism For The Capitalists….

The title to this post came from one of the organizers of the Wall Street protests that are taking place across the country. More power to the people baby!! :)  It basically infers that we ordinary people who take risks with our assets (money) have to pay the consequences of when we make the wrong decisions. But the capitalists, meaning those large Wall Street firms, can take big risks and if they are wrong the government will bail them out with our tax money as they are “too big to fail”! These protests are probably the result of our stagnant … Continue reading Capitalism For Us and Socialism For The Capitalists….

I Can't Figure It Out, So You Are On Your Own…

Source Article:  Businesses turn to private exchange health insurance – USATODAY.com. This is an interesting article about how some CEOs are giving up trying to figure this health insurance mess out and passing it on to their employees and pensioners. They just give them a set sum of money and basically hand them over to some former insurance executives for advice. In other words they are on their own. Here are people who are supposedly the cream of the crop in the business world who admit they can’t figure this stuff out. So, how are the their worker let alone their pensioners supposed to … Continue reading I Can't Figure It Out, So You Are On Your Own…