Another skirmish in the class war, and guess who's winning
The CEO of Home Depot is apparently pushed out the door after the company had a period of poor earnings. The sum of his severance package is worth $210 million.
The prevailing capitalist mythology is that high executive pay is necessary in order to attract competent managers. Isn't it funny then how incompetence gets rewarded as much as competence does? If executive salaries were really tied to competence, then CEOs would not be rewarded like this when they were pushed out the door.
Clearly, it's all about the ruling class grabbing all that it can for itself; the "competence" ruse is just a cover for the promotion of ruling class interests. The marketplace pressures that make these obscene payouts possible benefit the interests of the ruling class as a whole.
Ah, life under capitalism.
The prevailing capitalist mythology is that high executive pay is necessary in order to attract competent managers. Isn't it funny then how incompetence gets rewarded as much as competence does? If executive salaries were really tied to competence, then CEOs would not be rewarded like this when they were pushed out the door.
Clearly, it's all about the ruling class grabbing all that it can for itself; the "competence" ruse is just a cover for the promotion of ruling class interests. The marketplace pressures that make these obscene payouts possible benefit the interests of the ruling class as a whole.
Ah, life under capitalism.
He probably is whining it was only $210 million.
Posted by
Frank Partisan |
1:21 PM
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