I liked this column by Maureen Dowd that appears in today's NEW YORK TIMES: http://www.nytimes.com/2009/02/01/opinion/01dowd.html?_r=2
And it is rather pitiful that the corporate/Wall Street CEOs/majordomos are hunkering down, determined to hang on to what they feel are hard-won perks (lavish expense accounts, fit-for-a-monarch living and working quarters, superplush personal jets--not to forget multimegamillions of parting gifts in cash/stock options) while the public gets poor products, abysmal customer service and, in certain cases, going-out-of-business sales to digest.
[UPDATE 2/3/09: Wells Fargo, after taking over Wachovia and receiving bailout money, plans a lavish employee party in Las Vegas: http://money.aol.com/news/articles/_a/bbdp/wells-fargo-another-bailed-out-firm/327746]
[UPDATE 2/4/09: Wells Fargo, after an outcry of protest, canceled the party: http://money.aol.com/news/articles/_a/bbdp/wells-fargo-another-bailed-out-firm/327746?icid=200100397x1218250358x1201186513]
Recently, I read a laudatory profile of Barney Frank in THE NEW YORKER. Frank optimistically predicted an economic recovery by 2010 (presumably before the midterm elections).
If such a recovery takes place on Frank's schedule, I'm assuming that America will return to doing business in the same old ways it did prior to the Wall Street meltdown of this past September.
And, once again, cretins like Jack "GE" Welch will feel comfortable enough to spout tough-guy downsizing palaver in books and over the airwaves.
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