Friday, May 15, 2020

We’re doomed.

Wall Street Bonuses Set To Drop By Up To 30%.



Look! I can see the fiddle player about that. With an electron microscope!! :)

I don't mind bonuses, and think that good results should be rewarded. But when the C Suite sacrifices long-term for the quarterly results, and national interest (China-made medications) for bigger profits, I have a problem.

As I am wont to say, "The greatest economic interest is not necessarily the greatest national interest".

Col. B. Bunny said...

Gilbert and Sullivan wrote a song about an equity court judge who awarded, assigned, or transferred beautiful young women to new families but, because of ethical requirements, could never assign one to himself. It epitomized the solid, faithful British civil servant idea. That kind of proper, selfless performance of one's duties seems rare now anywhere in the West. The idea of caring for the interests of the nation or the people seems not just quaint but ludicrous and the ever shrinking minority of wealth holders find new ways to skim what they can for themselves.

It's uncanny how the choice inevitably defaults to me, myself, and I. Pelosi's mega bailout bill has a large sum for the Kennedy Center for the Performing Arts. I'm thinking on what planet is that a use of funds that should take precedence over garages, coffee shops, burger joints, and barber shops that are teetering on the edge? Kennedy Centers are for when times are fat.

Same with the outsourcing to China. On what planet would that be considered something that would benefit the nation and its citizens? "Let them eat cake" thinking with apologies to Marie if she didn't really say that.