@rbreich While the people bearing the brunt of the lack of solid leadership, bear the shame of lack of quality and safety due to higher up decisions, have to continue to work for retirement? Has the mafia been exposed as having gone ivy league and two party to grift and murder for power and money and noone has backbone to stand up for ethics or rights or equality or anything constitutionally sound anymore?
Welcome to politics and business in the U S of friggin' A.
@rbreich turns out that golden parachutes are a bad idea even by capitalism's standards: after all you are not incenvizzed to grow your company but to squeeze it as much as possible before being inevitably fired
Buying someone's silence as they scapegoat him is common practice.
The folks that turned a blind eye to a catastrophic financial crash, scapegoated a few executives & traders and bought their silence with handsome amounts of "Bye-Bye" money.
@rbreich@JamesGleick No one should think “shareholders” are people. They are the major financial corporations of the world. 33 shareholders control 75%. Supporting the remuneration of their rarefied class of officer is no surprise.
@rbreich So the most certain way of getting a whole lot of money, and not having to do any actual work for it -- is to be a CEO who has screwed up royally, costing lives, money, and reputation!!
@rbreich so ya all puppet him and all over 30 million to give it to the poor since they where overcharged under paid poverty wage cannibalized enslaved abused and he has more then his turn and share anyway
@rbreich Don't blame the shareholders. Very few individuals vote their shares, and most institutions rubber stamp the board's proposals. Blame the Boeing board, which is mostly CEOs, for concocting the Boeing CEO's compensation package.
@rbreich This is typical Capitalism Bull Shit. Huge rewards for a job poorly done. But they take care of their own. We can’t afford billionaires or multi-millionaires. 😡