Slouching Towards Oblivion

Showing posts with label vlog. Show all posts
Showing posts with label vlog. Show all posts

Monday, November 22, 2010

The Punk Patriot

The guy needs a little polish on his presentation, but I can go along with most of what he has to say - even the bit about putting some sensible limits on what companies should be paying their executive committees.

I hate the idea of capping anybody's earnings, and I'm absolutely opposed to allowing government to set hard and fast limits, but I think we all know it's totally irresponsible for a board of directors to allow a CEO to suck the lifeblood out of a company, killing tens of thousands of jobs, wrecking entire communities, and then taking obscene levels of compensation before bailing out of the company as it crashes and burns. So I think it's worth looking at the idea of indexing executive pay to the baseline earnings of the people at the bottom of the corporate ladder; you know - those slobs on the factory floor who don't do anything but make the fucking place work.