Posted by
Jay R on Wednesday, February 04, 2009 12:00:54 PM
February 4, 2009
Barack Obama's dime on the dollar to CEO's speech reminded me of that Billy Joe line in a nanosecond. We only have to review Steve Jobs at Apple and the recent media attention to the prospect of his retiring to realize the value of a top CEO to the conglomerates, the stockholders and our country. This was Obama preaching to the choir and placating the proletariat because the Obama economic staff fully realizes that this popular myth of huge pay to CEO's plays so well in Peoria but will end up being the causative agent of the Bill Gates, Mitt Romney, Steve Forbes, Carley Fiorina super people that intellectually are one in a billion and always succeed in creating jobs and wealth and IPODS are just going to take a powder. We could eventually experience an ex Sears manager running GE. As a stock player I'll pay a CEO anything if he can bring in 10 times that amount in value to the corporation and the stockholders. and coincidentally the economy. In the economic chain of evolution socialism follows a failed capatilism and then we have something following at least historically that I would rather have others look up. You get what you pay for.
Jay R