High ticket CEOs often complain those who object to their squeezing blood out of the nation turnip for their personal gain are simply jealous. I suppose that is true in many cases, but even if people are jealous it is understandable. It’s hard not to be jealous when the mortgage company is kicking your family to the curb – just as the CEO buys a multi-million dollar summer “cottage” in Aspen. But there are others, and I am one, who object on business grounds.
Much of the CEO’s “compensation” comes from companies that take the concept of corporations-as-people far past any original intent. Under the CEO’s direction, corporations reap record-breaking profits, even in recessions that crush those who buy their products or citizens that pay hefty taxes (which captains of industry caterwhal are breaking America’s back) to fund the profits through not insubstantial corporate welfare.
For all the talk about the value of small business, we could fund thousands of small businesses for years just on what a single multi-national gets in tax breaks in a single quarter. It’s a vicious cycle – multi-nationals take billions in taxes from just-plain-citizens to prop up corporate values to pay hefty dividends and fund expensive lobbying efforts to continue getting our money from the people who don’t live tax-free. In turn, CEOs get massive compensation to hire lawyers and accountants to make sure they get their money as tax-free as possible, and so on. This is not robbing Peter to pay Paul. This is robbing Peter and then complaining Paul wasn’t carrying enough cash for Paul to steal.
The list of things wrong with the Romney campaign is ignominious and pushing Mitt toward the precipice. He has had innumerable foot-in-mouth episodes, told many hand caught in the cookie jar lies, managed self-inflicted gunshot wounds, and made the worst Veep choice since McCain sent himself well and truly off the rails with the Moose Momma. The reasons for this ineptitude are manifold, from sheer stupidity to being as likable as a haggis buffet, but perhaps that last one might explain it best.
In general, Americans don’t like lawyers. They aren’t too hot on reporters either. And when it comes to politicians Congress can’t get any lower than their 12% approval rating. And right up there in the Pantheon of the Hated are CEOs. Your average citizen thinks they are arrogant, greedy, out of touch, and completely devoid of morals. When a factory worker screws up they find their ass on the street. When a CEO screws up they get a hefty bonus and stock options equal to the combined incomes of Nebraska’s entire middle class. Then, they close the factory, send the work to Chinese reeducation camps, and collect another bonus for how well they handled their own failure. To everyone other than CEOs, and the people who inexplicably love them, it’s easy to see why they don’t give people the warm and fuzzies.
There is a reason we refer to government as the “Ship of State” and not “Government Inc.” That’s why ship captains make much better templates for President than CEOs and Mittgate shows it. When a ship runs aground the captain is ALWAYS responsible. There is no ducking responsibility by saying, “Someone else was piloting the boat.” The ship ran aground. It happened on your watch. You are responsible, regardless of the bone-headed mistakes your crew may have made. It’s called the “responsibility of command”.