Tuesday, April 7, 2009

REICH OFFERS CRITERIA FOR FIRING A CEO

Common Dreams offers "Will Geithner Fire Corporate America?" by Robert Reich. Excerpts:

+ I suppose it's comforting to know our government stands ready to fire corporate executives and directors whenever taxpayer money is on the line. But I suspect Geithner's new tough line is mostly designed to reassure a public that's lost all faith in the wisdom of bailing out Wall Street.

+ All told, about one out of every five large American companies depends on government contracts, and a majority of these firms are losing money right now. So ... off with their heads.

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