Some Bailouts Taxpayers Seldom Ever Notice

from Too Much: A Commentary on Excess and Inequality:


Some Bailouts Taxpayers Seldom Ever Notice
March 23, 2013

All across Corporate America, top execs are feathering their own nests at the expense of their employees. The French have a better idea.

By Sam Pizzigati


The founder of modern management science, Peter Drucker, considered excessive executive pay an assault on good enterprise management practice.

Peter Drucker, the analyst who founded modern management science, died in 2005 at age 95. At his death, business leaders worldwide hailed this Austrian-born American for his enormous contribution to enterprise efficiency.

But Peter Drucker also cared deeply about enterprise morality. In his later years, he watched — and despaired — as downsizing became an accepted corporate gameplan for pumping up executive paychecks. Drucker could find “no justification” for letting CEOs benefit financially from worker layoffs.

“This is morally and socially,” he would write, “unforgivable.” ........................(more)

The complete piece is at: http://toomuchonline.org/some-bailouts-taxpayers-seldom-ever-notice/