Comment Re:Contracts Not Really Enforceable (Score 1) 398
Is your head encased in a concrete block? Have you ever looked at the winners and losers in the US economy? Upper management in the US don't give a tinker's damn about shareholders, customers, or employees. They screw everyone in their pursuit personal wealth. Large companies are run primarily for the gain of the corrupt insiders.
Look at what happened in the financial sector in the ten year run-up to the 2008 crash. The people at the top were wildly irresponsible because they were making obscene amounts of money. After the crash, none of them suffered at all.
Consider Angelo Mozilo the former CEO of Countrywide Mortgage. Conde-Nast Portfolio placed him the second on their list of the 25 worst CEOs of all time. It's hard to know the exact figures, but at one point his compensation was $470 million. Even though he had to personally pay a $46 million fine to keep from being criminally charged, he still ended up filthy rich. With the post 2008 stock market gains he may be worth more then $470 million by now.
Meanwhile, the shareholders at Bank of America, which bought Countrywide, are still paying for the bad loans that he was responsible for creating. The only reason banks are profitable right now is because the FED discount rate is between 0.0% and 0.25%, which is basically free money. A senile poodle could run a profitable business with 0% loans.
Those 0% loans from the FED are de facto backed by the people of the US. Effectively the common national debt increases. So the CEO class makes personal profit by siphoning wealth from everyone. We have an economic system that redistributes income upwards. The proof of this is the ever increasing wealth gap between the top 10% and the declining fortunes of the 90%.
So why are you making excuses for greedy incompetent psychopaths who will destroy anything as long as they are making money? What's wrong with you?