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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSome Bailouts Taxpayers Seldom Ever Notice
from Too Much: A Commentary on Excess and Inequality:
Some Bailouts Taxpayers Seldom Ever Notice
March 23, 2013
All across Corporate America, top execs are feathering their own nests at the expense of their employees. The French have a better idea.
By Sam Pizzigati
The founder of modern management science, Peter Drucker, considered excessive executive pay an assault on good enterprise management practice.
Peter Drucker, the analyst who founded modern management science, died in 2005 at age 95. At his death, business leaders worldwide hailed this Austrian-born American for his enormous contribution to enterprise efficiency.
But Peter Drucker also cared deeply about enterprise morality. In his later years, he watched and despaired as downsizing became an accepted corporate gameplan for pumping up executive paychecks. Drucker could find no justification for letting CEOs benefit financially from worker layoffs.
This is morally and socially, he would write, unforgivable. ........................(more)
The complete piece is at: http://toomuchonline.org/some-bailouts-taxpayers-seldom-ever-notice/
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Some Bailouts Taxpayers Seldom Ever Notice (Original Post)
marmar
Mar 2013
OP
xtraxritical
(3,576 posts)1. The voice of experience is not what they teach at UC, Wharton, Harvard.
L0oniX
(31,493 posts)2. What I don't get is why the stock holders accept huge CEO payouts. n/t
dixiegrrrrl
(60,010 posts)3. they are suing some companies, actually
Huge flurry of stockholder suits against greedy CEOs, esp. when company was doing poorly or needed bailout but CEO pay rose.
Facebook is a good example...the IPO was rigged, stock tumbled, Zuckenburg made a mint
Also JP Morgan and AIG have been subject of share holder suits.
Simple Google search turns up many example
https://www.google.com/search?client=ubuntu&channel=fs&q=Stockholders+sue&ie=utf-8&oe=utf-8