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Old 01-04-2009, 03:01 PM
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Keith,

I think the main problem is that CEO's of public companies, Govenors & Presidents are all managing and making decisions for the SHORT TERM. CEO's do what is necessary to get that multi-million year end bonus, Govenors do what ever it takes to make their voters happy NOW, so that in a year or two they can be re-elected or move on to the senate, etc. Presidents have an 8 year term limit, assuming re-election, i really can't imagine that their focus is on what the country will need in 25+ years. No one, in my three examples, is held accountable for the long term. Now take yourself, a private businessmen, who needs to weigh the bottom line TODAY, while not sacrificing service & craftsmen ship that will harm your future business. You have skin in the game, and not one of these others do. So what if Ford or GM goes under, every prior and current CEO has gotten their millions. So what if a state files for bankruptcy in 8 years, the governor has moved onto bigger and better things by then. The President? forget it, he's off dedicating his library or pawning off his speeches for a million dollars a pop. Just my rambling thoughts.
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