Mar 19, 2009

Make hay while the sun shines

It started with the CEOs of the big three. Now, the latest person at the receiving end is AIG's recently appinted CEO Edward Liddy who has to defend himself against the 'malfeasance' of his predecessors.

The politicians all over the US have rallied unanimously for the good of the common people by taking the opportuned moments provided by this recession. The result: all CEOs of failing companies being summoned one after the other to stand at the center of Capitol Hill's Rotunda and get fired from all sides. All of this creates good visuals and catchy headlines. But the same Congressman where wallowing under the money rain that was pouring everywhere when these companies where doing what they did always: indiscretionary spending. 
What a farce!


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