Give Me this Kind of Accountability
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10 responses to “Give Me this Kind of Accountability”
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Ok, let’s go there. The payout is ridiculous and that is on the directors…and the shareholders…who get to vote in an annual meeting every year. For the ridiculous corporate policies and the ridiculous comp packages, I will point to things like Sarbanes Oxley, Dodd Frank, the ESG pushing proxy advisory firms, a worthless SEC, a monolithic politicized press that only reports negatively one way, the tax code limitations on deduction of executive compensation. And let’s not forget “the experts” who generally all went to the Jew hating schools and populate the finance and managerial ranks.
Now let’s turn to politicians. You can pretty much repeat all my grievances above. They have immunity from lying on the floor. They have personal piggy banks in campaign funds. They get a pension for their “service” of spending the country into bankruptcy. They get to send their propaganda out for free (franking). If by some miracle they get removed, they keep the campaign funds and get a ridiculous corporate Board job at places like Raytheon or Boeing (Comey and Haley for example) or an investment bank (Cantor).
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I have always been puzzled when I hear that so-and-so is “entitled” to a huge severance package. Presumably this was something that was negotiated during the hiring phase, but why would a company agree to such inflated figures. It would seem to make more sense to put more cash out as bonusses for extraordinary performance than to someone who quits or is fired.
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But, but, the stigma…
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Corporate accountability? WTH?
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And Barack Obama was worth $3+M in 2008 but is worth $70+M today.
Welcome to the land of the elite.
2008:
https://www.opensecrets.org/personal-finances/barack-obama/net-worth?cid=N00009638&year=2008
2024:
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Bottom line remains, Dick, the guy was pushed out for non performance and the outlines of his package was probably set long before. He probably would have gotten less if the firing was for law breaking or screwing his intern or dissing DEI, and not just for failing to make everybody as much money as they lusted after.
As a major entertainment house, the potential profits on a great run of movies or TV shows, or from developing a world-dominating streaming source, would run into the billions. The money both ways is mind boggling.
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The difference here is that you can easily avoid buying Paramount products, using their services, or buying their stock.
It’s easy to avoid doing business with them.
It’s a little harder to avoid doing business with the local, state, and Federal government.
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I highly recommend avoiding their Paramount+ streaming. It is a technical nightmare, like the bad old days of dial in Internet….
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I think the last time I used a streaming service was the CBS one to watch old Columbo movies.
Otherwise, I get my fill of video entertainment from Youtube, which I run with an ad-blocker so I don’t see any ads.
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Perhaps you’d prefer something along these lines.
https://www.wsj.com/world/asia/she-was-convicted-of-making-a-bank-her-personal-atmand-sentenced-to-death-3a952bab?mod=hp_lead_pos9
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