Economics 101

[Gonz]

Take a company. Give it a bazillion public dollars, so that it doesn't fail. Then, once it's gaining its feet, pull the rug on the earnings of the top executives.

What happens next?

A)The execs apologize for their failings & commit hari-kari?

B)The execs, in recognition of their failing, allow themselves to be enslaved?

C)The execs bail, like roaches in the kitchen at midnight, getting jobs that pay them for theitr services?

You now own worthless junk

 

[ResearchMonkey]

D) Unionize!

 

[Gonz]

Execs can't unionize when they're overpaid with cuts

 

[Winky]

Alex, I'll take
C bail on this rathole for a thousand dollars.

 

[ResearchMonkey]

Execs can't unionize when they're overpaid with cuts

Who cares about the people who make a bunch of money and hire people.

It not about exec's, they already have money. Its about the people who want the money. Unions provide unsustainable business models that provide for the disenfranchised.

 

[Gonz]

Gather all your cash...they'll be a great auction at AIG, BofA & Citibank anyday now. Perhaps they'll throw Dodge in, as a bonus.

 

[catocom]

hmmm, maybe
E.) they take the money they can and leave the country.

 

[spike]

F) They continue to work for a lower but still very high salary

G) Someone more competent takes the job (after all some of these execs had a hand in fucking up their company)

 

[Winky]

H) ousted from your position and replaced by a
government bureaucrat

 

[spike]

I) Martians replace all the employees with koala bears

 

[Winky]

J) There are no CEO’s in state run departments only commissars.

 

[Gonz]

F) They continue to work for a lower but still very high salary

90% cut...that's covered under slavery

G) Someone more competent takes the job (after all some of these execs had a hand in fucking up their company)

Not at the new GOVERNMENT APPROVED pay scale

 

[spike]

90% cut...that's covered under slavery

Slavery is usually no income, not a higher income than most of the population. I think you misunderstood slavery.

Not at the new GOVERNMENT APPROVED pay scale

Hell yes. The current execs haven't set a very high bar.

 

[2minkey]

spike, what are you thinking? those finance execs should be rewarded for their failures.

 

[spike]

Oh right, forgot.

 

[Winky]

Certainly they should be retained to keep on keepin’ on.
If the business didn’t need a bailout, then where would we be?
The One deciding how things are to be run is all American!

 

[Gonz]

spike, what are you thinking? those finance execs should be rewarded for their failures.

Good to see you participating again.

 

[2minkey]

hey thanks gonz. your contributions are appreciated as well.