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Politics : The Donkey's Inn -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (4636)	9/18/2002 1:48:11 PM
From: Mephisto	Read Replies (1) \| Respond to of 15516

"Less well known, but no less embarrassing, was Cheney's leadership of the pre-9/11 anti-terrorism task force. In spring 2001, rather than back congressional efforts to implement the findings of the Hart-Rudman commission, Cheney opted to spearhead his own group, to put the administration's stamp on whatever reforms occurred. But the task force did almost nothing for four months until terrorists struck on September 11. More recently, it was Cheney who advised Bush not to include any serious corporate reforms in his July speech on Wall Street, the one that sent markets plunging. While no one bats a thousand in politics, it's actually difficult to think of one thing the vice president has been responsible for that has not ended in muddle or disaster. Yet his reputation for competence has survived." washingtonmonthly.com >>>>>>> TP, the article is informative and well written. I wasn't aware that Cheney was at the helm of a 9/11 task force either. When Bush took office, most people felt that Cheney was the one who would be the "real president and perform the hard work." Jr. never had a reputation as a hard worker or as a through thinker either.

To: TigerPaw who wrote (4636)	9/18/2002 2:43:19 PM
From: Mephisto	Respond to of 15516

" An MBA in Every Office" washingtonmonthly.com The notion of an MBA in every office must spur jokes all over the country by now. Imagine the posh America offices stuffed with corrupt and greedy CEOs who work with an MBA army to confuse shareholders, distort company profits, if profits really exist, and engage in other nefarious actions should attract Hollywood's attention. Watch for CEO films next year!!! In the long run, the corruption in corporate America is tragic and the image of a corrupt company will linger in Americans minds for a long time. Other countries have noticed. Remember how the US lectured Japan and other countries about the American business model! While corporate corruption has made CEOs and their MBA company executives wealthy, shareholders paid for those perks while they watched their shares dwindle in value. Most recently, we learned how GE lavished perks on their ex CEO, Jack Welch. Welch is under investigation by the SEC, and he may give up some of those perks. Still, he lived like a king while GE was fined for producing a dishwasher that injured people. GE paid a $1,000,000 fine but that was peanuts compared to what it might have cost to recall and repair the faulty dishwashers. It looks to me that corporations are most interested in making their CEOs and top executives rich. As for as what happens to consumers and shareholders, we should know by now that corporate American isn't very interested. JMOP SI References at The Enron Forum: Message 17964420 G.E. Expenses for Ex-Chief Cited in Divorce Papers Message 17944868 GE to Pay $1 Million Product Defect Fine Thursday August 8, 12:58 pm ET