01-29-2010, 10:29 PM
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CC Member
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Join Date: Oct 1999
Location: Bismarck, North Dakota, USA,
Posts: 920
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Not Ranked
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Yup...too bad corporate boards sucked the blood right out of American industrial might by protecting substandard management performance, assinine salaries and bonuses and indifference to the country.
Let's not forget...as recently as late 2008 when they refused to make reasonable concessions (delaying increases with no actual cut in pay) or invalidate the provisions requiring continuation of bonuses after getting caught. This led directly to the failures of GM and Chrysler, and the expanded subindustries, and resulted in millions more being laid off from their jobs. So the rest of us have to pay Wallstreet via bailouts. All perfectly legal in a atmosphere of runaway Capitalism, because we let it happen.
They are a cancer upon this nation. 
Wes |
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