19 December 2007

The failure of our business leaders

During the Bush years virtually every class of leadership within American society has failed. Don't know why this is, but it is so. Here is just one example of how unserious American elites have become. It's from AOL, so no link.

What Subprime Mess?

In July, as Bear Stearns execs futilely attempt to prop up two hedge funds that ultimately collapse amid the subprime meltdown, CEO James Cayne spends ten of 21 workdays out of the office, playing golf, competing in a bridge tournament and, allegedly, smoking marijuana.

I am sure that all that down time allowed him to recharge and face the problem with a perfectly clear mind. Clear ... as in utterly blank.

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