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Letter: We need a name for this corporate disease

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Posted: Wednesday, February 19, 2014 12:00 am

By what name do we call attention to the kind of disease that prompts a board of directors to award a 74 percent increase in salary to a CEO who earned a $13 billion fine for their company’s noncompliance with the law?

Seriously! There must be a name for it! Greed alone is inadequate. Disassociation is also. What on Earth do we call it?

Gordon Moore

Lodi

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3 comments:

  • Victor Ferrise posted at 1:46 pm on Sun, Feb 23, 2014.

    Symbiont Posts: 6

    A better question might be; what do we call a society that allows it to happen? And before the right or the left chime-in with their politically-motivated BS lets establish right here and now that this has been happening during administrations that I can remember dating back to the late sixties.

    We have the power to vote with our money as well as ballots.

     
  • Christina Welch posted at 6:37 pm on Fri, Feb 21, 2014.

    Christina Welch Posts: 94

    Since we're talking JP Morgan here and the bank bailouts come to mind, I'd say ...
    the "iron triangle" would be appropriate.

     
  • Ed Walters posted at 7:14 pm on Thu, Feb 20, 2014.

    the old dog Posts: 354

    The disease is called Pelosium [sad]

     

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