“The Treasury Department’s pay czar says 17 banks gave their top executives $1.6 billion in lavish payments while they were receiving billions of dollars in taxpayer-funded bailouts.” From Denver7News, thanks.
So, is anybody surprised by this behavior? Is it illegal? Should it be illegal? Is it unethical? Is it culpable? In other words, were these folks doing something they
knew was wrong? I think you know my answer. What is it about our society that always makes certain folks think they deserve more money for less work? In this case we can define “work” as performance for shareholders, investors, depositors, etc… These bank executives run their banks into the ground then vote themselves huge bonuses.
It’s enough to make me sick. And you wonder why I don’t want to go back to work in Corporate America? Is government any better? Heck no! Salaries have declined for the average person over the past 9 years or so (since 9/11). But, in government they have continued to increase and government payrolls have continued to swell in these dire economic times! Only recently have you seen governments even thinking about slashing budgets, and reducing payrolls. Then, where do they cut first but in those areas that hurt the most vulnerable: In our schools. Teachers are always the first to go, suffering “Budget Crunchitis.”
Isn’t that sad? Are you shocked though? Of course not – this is America! Those who get ahead these days are those who know best how to “work the system.” In other words, if you know how to lie, cheat and steal better than the rest of us (and not get caught) then you’ll do well.
If a poor man in the ghetto steals a loaf of bread to feed his family, he may go to jail for 18 months. But, if a rich banking executive votes himself a $10 million bonus just because he needs to pay for his yacht, then he’s congratulated by our society. What makes one thing “right” and the other “wrong?” Is there justice in our society? Is this really what our founding fathers envisioned for “freedom” in America?