tag:blogger.com,1999:blog-8205062574335758725.post7335421885893060552..comments2024-02-12T02:21:59.971-08:00Comments on Critter's Crap: CEOs Profit While Laying Off EmployeesJerry Critterhttp://www.blogger.com/profile/01870618647449723147noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8205062574335758725.post-30133690950454540952010-09-05T22:14:56.258-07:002010-09-05T22:14:56.258-07:00So true, but the CEOs are also buying legislators ...So true, but the CEOs are also buying legislators by the bushel full so it is unlikely we will see any meaningful legislation in the near future.Jerry Critterhttps://www.blogger.com/profile/01870618647449723147noreply@blogger.comtag:blogger.com,1999:blog-8205062574335758725.post-24648333110331069292010-09-05T21:53:17.813-07:002010-09-05T21:53:17.813-07:00According to an article on "Market Watch"...According to an <a href="http://www.marketwatch.com/story/corporations-hoarding-cash-like-never-before" rel="nofollow">article</a> on "Market Watch", "Corporations hoarding cash like never before".<br /><br />The author says there are two reasons for this -- the 1st is... "many firms don't have to invest as much as they used to. They have outsourced [continually more] of their output of goods & services to companies based overseas, leaving it to subcontractors in India & China ... to lay out the cash necessary to expand".<br /><br />And...<br /><br />The 2nd is... "with corporate CEOs having a shorter & shorter tenure at the top, there is little point in doing anything that will not produce immediate benefits. & investments in new facilities or technologies can sometimes take years to bear fruit..."<br /><br />In other words the CEOs are shipping American jobs overseas and running their corporations for short term benefit. It's all about extracting as much cash from the companies they head as quickly as possible. These <a href="http://www.huffingtonpost.com/thom-hartmann/profiling-ceos-and-their_b_245373.html" rel="nofollow">Sociopathic CEOs</a> are shooting the American worker in the foot on the first count and the company in the foot on the second count. We need legislation to reign this behavior in.<br /><br />It isn't healthy for the American worker or the corporations.Dervish Sandershttps://www.blogger.com/profile/13671865801885224353noreply@blogger.comtag:blogger.com,1999:blog-8205062574335758725.post-20456295308578080202010-09-01T15:48:17.413-07:002010-09-01T15:48:17.413-07:00These guys are something else. The other day, an i...These guys are something else. The other day, an investment banker attacked President Obama's approach to regulation as holding back a recovery. It's like the guy who drove a car into a ditch saying "Trust me: I can get it out by driving it in deeper."<br /><br />TOM, the worst part is that the money is there but the banks won't lend it. Although that's been reported somewhat, an accountant who follows the business press told me that it's worse than has been said. He thinks there's enough money in banks right now to finance a recovery. It's like Michael Kinsley used to write: The scandal is what's legal.K.https://www.blogger.com/profile/10222703055177237209noreply@blogger.comtag:blogger.com,1999:blog-8205062574335758725.post-4507965178776092382010-09-01T15:16:11.043-07:002010-09-01T15:16:11.043-07:00We gave our tax money to the corporations to save ...We gave our tax money to the corporations to save them, and they did not help the individual Americans. This depression is being carried on the backs of the American people. Maybe GB had one thing right "Go Shopping." I wish the corporations would do a little spending (hiring people) instead of hoarding our tax money.TOMhttps://www.blogger.com/profile/02464117691722213136noreply@blogger.com