CEO pay

3,800 people lose jobs- CEO still makes millions

In the Jewish faith there are “mitzvahs“- commandments or “good deeds”- and one of the most respected is that of giving people a job. Yep, the Jewish faith says that full employment is great in God’s eyes. The idea that firing people wholesale is OK- without suffering any consequences- as an acceptable business practice has Read More

Concrete vs. liquid

“Liquidity” was the invention the wizards of Wall Street came up with to create a lot of fake wealth and transactional opportunities for them to siphon off “investors’s” money for themselves. The great run-up in GDP thanks to all this liquid capital came to a crashing halt in the fall of 2009 when the banks Read More

RTA loses money, CEO still get paid big bucks.

Reward without risk. That’s the secret to being CEO of a fortune 500 company in America. Apparently, the same thinking applies to being the CEO of RTA in Dayton: A five-year contract with no pay increase was approved Tuesday, June 2, for Greater Dayton RTA Executive Director Mark Donaghy. Trustees cited RTA’s continuing financial problems Read More

Why we’ll fail. When government loses focus.

I read an interesting editorial by Rance Crain in Ad Age wondering why people haven’t blamed marketing for the financial mess. He makes a claim when business gets sidetracked, things go bad, and the main focus in business is selling things to a specific market. Things went wrong for Cadillac when they tried an entry Read More

Tax dollars are tax dollars.

It’s as if a crime has been committed. Mike Turner, Jon Husted, John Boehner, Sherrod Brown all have their panties in a twist that “Federal Stimulus Funds” were used as part of the incentive package to poach NCR from Dayton to Georgia: NCR’s news release touting its decision to move jobs from Dayton to the Read More

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