You don’t have to take my word for it.
Go to: http://today.msnbc.msn.com/id/…
Wade through the Mea Culpa about the sex scandal, until you get to “The Sheriff of Wall Street”.
The funny thing is, I happen to agree. As a taxpayer, I don’t like being blackmailed by robber barons.
As for Spitzer’s impulse control issues with sexuality – frankly that is his wife’s business.
However, putting MY kids trillions of dollars in debt to China and Saudi Arabia – THAT is my business and I submit – your business as well.
Apparently Whole Foods market can be profitable with a CEO who is bound to accept not more than 17x the payrate of their average worker.
When did CEOs become the new Duke of Buckingham and “regulation” become a curse word [well, regulation was probably always a curse word on Wall Street].
Anyway, the Spitzer interview is worth listening to; try it.
Since so much of the world uses Windows, doesn’t that make Microsoft too big to fail — even if we stripped out its many other businesses? Who would provide security patches if it failed? Could we afford to switch everyone to Linux and Mac OS?
I certainly don’t think regulation is a dirty word. I wish regulators had been much more aggressive. I’m frankly unhappy with Geithner, Summers, and Obama.
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p>That said, regulation is notorious for creating unintended consequences. Crafting good regulation must be done carefully not passionately.
…I don’t see Microsoft coming to DC hat in hand for a bailout.
If you’re going to write a regulation, like the one under consideration, aren’t you in danger of banning Microsoft Windows, or anything else that becomes too necessary?
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p>I think the problem with AIG, the banks, and the Wall Street firms was that they assumed more risk than they were willing to admit to themselves or others. They then deceived others. When the housing market collapsed, their deception was revealed. Boom. Collapse.
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p>Those industries require transparency and clear-headed, unbiased accounting. We didn’t get that.
“Could we afford to switch everyone to Linux and Mac OS?”.
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p>Dude, I believe Linux is free. It wouldn’t cost anything for people to switch to Linux. People could switch themselves. I’m sure theres a website somewhere that tells you how.
!/bin/sh
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p>echo “You'd be right, too, if all people did on their computers was run their operating systems.”
Whole Foods Executive pay: the rest of the story
Yes, this dampens the story, but I did the math and overall compensation is about 253x the average worker, whereas my understanding is that in some places the ratio is 400x.
is a behemoth that is far too large to sustain itself during this downturn. Better to break it up than to keep feeding a bottomless pit.
Someone with his background is exactly who we need in public office in this climate. I was never sure why he gave up so quickly. Between him and Blagoivich I think they got things backwards regarding resignations. The IL Governor had to be dragged kicking and screaming from office for corruption clearly and directly connected to holding the office. Spitzer, on the other hand did something not connected to the office and should have tried harder to stay.
…that kind of impusivity may have “only” been a moral failing, but reclaiming/doing what he needed to do to regain order and keep his family probably did not leave him with the energy and focus for effective governance.
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p>Governance is VERY hard work; it eats neurotransmitters by the bushel basket; governance is actually the “combat zone” of management. Not for the faint of heart, or those in the throes of heart disease, mental illness, or executive function meltdowns for any reason.
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p>Further, poor boundaries, immaturity, and any kind of victim complex set anyone in government up for a fall…in a way that the private work place rarely does.
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p>Spitzer had to crawl off to a cave and do private “lick my wounds” for a while.
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p>That all being said, sins of the flesh and appetite bother me far less than sins of pride and greed.
So my preferred response for a male or female public figure asked about unzipped behavior is “I don’t consider such matters public and will neither confirm nor deny.” Period.
Why would anyone listen to anything he says? He was prosecuting people for the behavior similar to that he himself was engaging in at the same time — and got caught. Perhaps, along the same lines, he has some personal business interest that makes it advantageous for him to take this particular position at the moment — maybe investments in mid-sized banks, for example. He should do something useful with his life and start a charity or something, but save the public pronouncements and lecturing for his next life.
“similiar behavior”?
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p>I thought Spitzer was prosecuting Wall Street shenanigans and got caught engaging with a prostitute. Sounds like very different crimes to me.
How about the money laundering?
This is how he got caught. He attempted to move a large quantity of money in increments just below $10,000 to the prostitution agency. These transfers aroused (as it were) the attention of the FBI. They were surprised to discover who was the payee.
It really is a shame. Trust takes forever to earn, and it is so easily lost. You really can’t give credit to anything he says right now.
while Spitzer gets kicked to the curb.
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p>Which party has a spine again?