The real F-ed up thing about the Obama administration demanding financial information from these large corporations is it’s in a publicly owned (in terms of stock holders not govt) company’s interest to state the highest profits that it can. In other words, fluffing up those losses would in most cases directly cause those CEOs to lose income, their bonuses are based on earnings. And in all cases lower earnings reports – or large loss reports – will adversely affect stock prices and investment, essentially harming the company. Usually company officers are dragged before panels because they report dishonestly low losses or high earnings. Losses like these usually mean a CEO slot gets turned over and another vindictive pizza parlor manager is born.
The accusation is akin to accusing someone of poisoning themselves to spite someone for feeding them poison. But we all know what is really going on here. All these companies are run by white male fat-cats who can’t stand that a black man is president, don’t want sick babies to have health insurance, and know where the secret prison is that’s holding John Lenin to prevent world peace so they can keep getting rich off the war machine.
Loading ...
Raging Kitty