July 9, 2010

Middle class: Run, but where to?

How Many Workers Can You Hire for the Price of One CEO?

Here is one number: 1461

CVS Caremark (CVS)
Thomas M. Ryan: $30.4 million (2009 Compensation)
Starting Cashier: $8/hour, $20,800/year
One CEO = 1,461 entry-level employees

Finally, will greed kill capitalism? One can not blame corporations- their sole purpose is to make money for their stockholders. Greed is in their DNA. It is like teaching is stranded in educators or play is in professional athletes. This is not bad, in fact it is good, because we need profit-making corporations for jobs and the like. We need “something” to require sharing of wealth. Socialism, you scream? Well, if the President of the United States can fire the CEO of GM, aren’t we already there?

June 10, 2010

Call me Chevrolet

Well, GM (or should I say General Motors) employees will, from now on, be fined a quarter and heaped with other humiliations every time they call the car they make Chevy! (NPR, today) . Well, what are they teaching in MBA schools these days: Get prestige – us big words? How about prestige without bailouts?

June 8, 2010

Obama and the BP Oil Spill

I read that President Obama wants to “kick ass”. BP? Sure, but a corporation’s sole purpose is to make money for their stockholders. Perhaps he should look to his own Dept. of the Interior; maybe the Secretary? What were they doing during the last 15 months?