Want a Job Where You Can Fail and Still Get Paid Lavishly? Try Corporate CEO

[xchrom]

http://www.alternet.org/corporate-accountability-and-workplace/want-job-where-you-can-fail-and-still-get-paid-lavishly-try



Spare a thought this Labor Day holiday, when you fire up the barbecue for the last weekend of the summer and raise a beer for the workers in this country, for some of the notable men who have lost their jobs over the past 20 years. I’m thinking of Richard Fuld, Dennis Kozlowski and Eckhard Pfeiffer.

They aren’t union leaders who were fired for organizing for better wages or men who lost their jobs to sweatshop labor in Bangladesh. They aren’t even the engineers who have been put out to rust by robot-run assembly lines. They don’t really number among the almost 20 million who are estimated to be unemployed or underemployed.

No, these three names popped up in a review of the “Bailed Out, Booted and Busted” – a study released Wednesday by the Institute of Policy Studies in Washington DC of the 241 people who have ranked as the highest paid CEOs in the US in the past two decades.

An astonishing 38% of these titans of finance and industry have either been kicked out of their jobs, put in jail or had to have their companies be rescued from bankruptcy. Fuld, Kozlowski and Pfeiffer are three that top the list.

[chervilant]

1. That percentage is NOT astonishing to me.

I believe the vast majority of corporate megalomaniacs are marginally intelligent, morally bankrupt, hedonistic sociopaths.

[AnotherMcIntosh]

2. Or try elected politician. The higher the better. Then you'll be like a CEO.