Apparently i'm in the wrong damn business. I should be a CEO. Not even a good one. In fact, I should be a terrible one. All you have to do is drive a company straight in to the ground and you walk away with a 9 million dollar severance package and stock options if you sold out.Rumor has it, that is exactly what is going to happen with AIG CEO Robert Willumstad now that the fed rescue package to keep AIG floating in a pool of FAIL. Seriously, this isn't the first time this assinine "exit package" has been awarded to CEO's who watched the company implode. This seems to be the new trend. Take the helm of a new company, milk it for what it's worth or sell off intellectual property, abandon ship and move on to the next company. OR you can just watch everything burn until the company has no choice but to sell off to Bank of America.
Most of these CEO's have only been with the company anywhere from weeks to a year or two. Only in America. Only in America can you completely destroy a corporate entity and be rewarded for it. And we aren't talking small fry here. We are talking about MASSIVE companies. Merrill Lynch? AIG? Lehman Brothers? Fannie & Freddie? Bear Stearns? These are all massive failures and somebody is almost always capitalizing on it. How screwed up is that?
I work my ass off to make an honest living. By doing a GOOD JOB and taking care of my companie's network infrastructure, I ensure we can do business in the technical realm. If I don't do my job, or do it badly, I get fired. But in a position where the CEO is supposed to lead a company in to the future and ensure it's SURVIVAL, they blow it apart and get millions of dollars out of it. How is this right? If there has been foul play, these bastards should get prison time. In the case of Enron people get what they deserve. But seriously, these CEO's are getting massive incentives for being a complete failure, while their employees are out a job, and now they can't afford to pay their mortgage. The problems are compounded.
And you have the neo-conservative party making tax cuts for these bastards. It's the middle-class people who are getting the SHAFT! How about a little help down here eh? This philosophy that wealth will trickle down to the tax paying majority is a complete failure of logic. It's time to start RAISING taxes on the wealthy, and especially larger corporate entities. I don't want to hear anymore that this kind of taxing would stagnate the growth of corporate entities. You're small business, Mom & Pop shops, will be able to grow a lot better with an income/earnings TAX HIERARCHY.
But what the hell do I know? I would probably be a SUCCESSFUL CEO and make my money the honest way. I wish our country worked that way.

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