Comment at NPR.org - Media Circus

Media Circus by David Folkenflik

Bartiromo Goes In For The Kill

http://www.npr.org/templates/story/story.php?storyId=100010589

J. R. Madden (JRMadden) wrote:

Addressing U.S. executive compensation:

It is my understanding most C-level executives compensation must be approved the company's Board of Directors. It is also my understanding a lot of the Boards of Directors are made up of C-level executive from other companies. Therefore, the old paradigm of "Your scratch my back and I'll scratch your back" possibly comes into play.

Then again, maybe it does require big bucks to find C-level executives who will do exactly what the C-level executives at other firms are doing in making those "tough" decisions:
Let's cut costs = layoffs at the bottom and/or outsourcing;
Everyone one else is making a fortune in derivatives = me too;
Regulation = What regulation?;
I [believe] in free enterprise & capitalism = Please give me money, Uncle Sam.

And in conclusion:

If you got into the housing market with the belief that prices would continue upward indefinitely / forever ... isn't that the biggest Ponzi scheme of all?

Friday, 30 Jan 2009 16:14:58