Kristof: Captains of Piracy (NYT: reg req'd)

[meow2u3]

I Russia, those who manipulate capitalism to gain fabulous wealth are called the oligarchs, and they sometimes end up in prison. Here we just call such people C.E.O.'s, and we put them in prison less often.

This is the time of year when corporate financial statements offer snapshots of their executives' mugging shareholders. Over the next few weeks, we'll find out precisely how much public companies overpaid their chief executives, but the news filtering out so far underscores the market failure in the boardrooms.

Carly Fiorina was fired last month as chairman and chief executive of Hewlett-Packard. So why did the board reward her with a total of $8.15 million in her last full year before booting her out?

Then there's Michael Eisner, who is finally being pushed out of the Walt Disney Company's chief executive post for running his company almost into the ground. Yet the Disney board recently gave him a $7.25 million cash bonus.

http://www.nytimes.com/2005/03/19/opinion/19kristof.html

[wellst0nev0ter]

1. But In Order For Dems To Combat This Disease

We must start by calling gays "faggots" in order to appeal to the citizens of Dumbfuckistan.

Kristof needs to learn to shit or get off the can. Otherwise I won't darken my mind with his self-serving writing.