Friday, February 06, 2009

POLITICS - CEOs, Height of Irresponsibility

"Obama reining in CEO pay" by Foon Rhee, Boston Globe

This is just one paragraph from the article.

We all need to take responsibility. And this includes executives at major financial firms who turned to the American people, hat in hand, when they were in trouble, even as they paid themselves their customary lavish bonuses. As I said last week, that’s the height of irresponsibility. That’s shameful. And that’s exactly the kind of disregard for the costs and consequences of their actions that brought about this crisis: a culture of narrow self-interest and short-term gain at the expense of everything else.

I suggest you read the entire article.

No comments: