"With some exceptions, the wrong people are running U.S. companies...members of the boards are cronies appointed by the very CEOs they're supposed to be watching...They run companies the way totalitarian regimes run their governments. They use the corporate treasury funds to keep themselves in power in the rare instances that they are challenged in a proxy fight."
Don't worry, it's not some crazy hippy whose ideas should automatically be dismissed because he has wierd hair. It's an interview with a rich guy from Wall Street, so you know it's true.
2 comments:
Nate--Do a little more research on Mr. Icahn. He has raided plenty of companies (envision barbarians at the gate) and put to death mere "peasants" by putting them out of work.
If corporate raiding is democratization, then so be it.
Charles
haha, yes indeed
I would just add that there's a difference between disagreeing over the problem and disagreeing over how to solve it. We happen to agree about the problem, namely the scale of ineptitude and corruption found in board rooms and executive suites of many large corporations.
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