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Two unfortunate counterparts to democracy are greed and corruption. Rush Limbaugh has said that the salaries and perks extended corporate executives are none of the people's business. This is one of the few areas where he and I part company. I wonder if the recent near-collapse of our economy has changed his thinking. When business failures result in government bailouts, that cost is passed to taxpayers. Excessive salaries often result in stockholders being cheated. These consequences of poor and careless management alone place executives' salaries and perks in the public domain. ...more
January 31, 2009
Senator Obama advises that the economy will get worse; so does my barber. I am not therefore surprised by daily reports of business failures, or by overpaid CEOs lined up with hands held out for government charity. But I was saddened and disturbed to read, this morning, that the venerable Tribune Co. is "at the edge of bankruptcy." ...more
December 11, 2008
Democratic candidate Joseph Puglia was forced to abandon his campaign due to his wife's illness. ...more
October 8, 2008
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