Wednesday, October 20, 2004

Hey CEO, Can You Spare a Dime?

Greed is a bottomless pit which exhausts the person in an endless effort to satisfy the need without ever reaching satisfaction.
Erich Fromm (1900 - 1980) German-born U.S. psychoanalyst and philosopher.

While looking at today’s Los Angeles Times’ Business Section, the Misanthrope noticed that Callaway Golf Posts Loss for 3rd Quarter, Avery Dennison Shares Down 3%, Safeway’s Profit Hit by Lingering Effects of Strike, and Wall Street Falls Despite Some Upbeat Earnings. Then the Misanthrope noticed on the bottom of page 4 CEO Pay Up Substantially Across U.S. Industries. What the hell is wrong with this country to allow such blatant profiteering at the expense of average workers? At some point in the near future, people need to embrace their power and not support companies where CEO pay is more than 300 percent of their lowest paid employee.


Anonymous said...

How amazingly prophetic was this post? 2009.06.24

The Misanthrope said...

And amazingly depressing since it still continues. We just call them as we see them.

thanks for the comment.