That’s what I’m talkin about….kick ass and take names Mr. President. We busted up Ma Bell, presumably for good and sufficient reasons. Why can’t we bust up these predatory banks? Let them re-create themselves into dozen(s) of littler banks and let the fed provide the network services needed to ensure the health of the overall system.
I know I should be focused on Haiti – and I am responding to a call later today in that regard. My 11 year old gets frustrated with me if I don’t attempt to wake him for his school day at 0600 which turns into a kind of fool’s errand because he doesn’t respond until at least 0645 – another story. The point is that I make coffee and read while coaxing him every 10 minutes and here is what I read this morning in a weighty tome probing ethics in the profession of I/O Psychology:
81% of companies that have “right sized” since the early 1980s were profitable in the year they severed people from their livelihoods.
Earnings at Merrill-Lynch fell 37% in 2001. It cut 21% of its staff – 15,000 people. The top execs “shared the pain” by having their cash bonuses limited to just $1 million. The shortfall from their more typical cash bonuses were made up with stock awards and options.
Carl’s conclusion: the modal executive in financial services “industries” is an intransigent, rapine, self-serving fox in the hen house. And even STILL, they are whining about their compensation and lobbying hard against any effort to make the hen house somewhat safer for the hens. By gorry, it ain’t right.
Lefkowitz, Joel – “Ethics and Values in Industrial-Organizational Psychology”
That’s what I’m talkin about….kick ass and take names Mr. President. We busted up Ma Bell, presumably for good and sufficient reasons. Why can’t we bust up these predatory banks? Let them re-create themselves into dozen(s) of littler banks and let the fed provide the network services needed to ensure the health of the overall system.
I know I should be focused on Haiti – and I am responding to a call later today in that regard. My 11 year old gets frustrated with me if I don’t attempt to wake him for his school day at 0600 which turns into a kind of fool’s errand because he doesn’t respond until at least 0645 – another story. The point is that I make coffee and read while coaxing him every 10 minutes and here is what I read this morning in a weighty tome probing ethics in the profession of I/O Psychology:
81% of companies that have “right sized” since the early 1980s were profitable in the year they severed people from their livelihoods.
Earnings at Merrill-Lynch fell 37% in 2001. It cut 21% of its staff – 15,000 people. The top execs “shared the pain” by having their cash bonuses limited to just $1 million. The shortfall from their more typical cash bonuses were made up with stock awards and options.
Carl’s conclusion: the modal executive in financial services “industries” is an intransigent, rapine, self-serving fox in the hen house. And even STILL, they are whining about their compensation and lobbying hard against any effort to make the hen house somewhat safer for the hens. By gorry, it ain’t right.
Lefkowitz, Joel – “Ethics and Values in Industrial-Organizational Psychology”