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Old 10-14-2008, 09:51 PM
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Post Re: Failing Lehman in $100m payout plan

Quote:
Originally Posted by cnredd
It's more the blame of the boards that GIVE IT to them...
While I agree, it should also be noted that it's essentially an industry standard.
Layoff the average employee? Little to nothing for compensation.
Layoff the CEO? Look at that multi-million dollar golden parachute deploy...


Quote:
Originally Posted by cnredd
Since when would any decent capitalist NOT try to get as much out of the system (even if it's about to crash)?...
When you say "capitalist" like that, it just reads like "greedy bastard" to me.

Sometimes I'm amused at how religion ties into "capitalism", and then seems absent from it...
Sometimes, religious people support "capitalism" tooth and nail like Christ had said "Socialism is the root of all evil".

But instead, the bible teaches "Love of money is the root of all evil".
Jesus talked about how it was it was tougher for a rich man to enter heaven than for a camel to go through the eye of a needle.

"decent" isn't a word I would apply to those CEO's actions, even in a sarcastic manner.

If we talk about this in the context of welfare recipients who don't get a job or do nothing but crank out babies, are they "decent capitalists", or should I change the second word to something else?
Is it okay for the rich CEOs to walk away with money they didn't earn and don't deserve, while the welfare recipient is more condemnable?


Quote:
Originally Posted by cnredd
How many people sent back those $600 checks the government threw at them last year?...I doubt many...
The express purpose of those was to "stimulate the economy".
It was an attempt to help REMEDY an economic problem.
Akin to bringing water to a fire, albeit benefiting those who are "helping".

When we're talking about the Lehman CEOs, we're talking about the people RESPONSIBLE for the fire, taking items out of the house that is on fire so they can have them at home...

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As an addendum, if I totally mistook the meaning of the post and missed some sarcasm, please rap me on the knuckles, correct my bone-headed interpretation, and I'll slink on my way...
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