Like so many former executives of Goldman Sachs have taken control of central banks and key governmental agencies in recent years, so too have former executives of General Electric taken control of key US corporations. Quickly coming to mind are Honeywell, Boeing, and Home Depot, and there are many others. But, is it the CEO or the people behind the curtain that have control?
This point came up when thinking about the statement I made recently as to why the Hewlett-Packard Board of Directors, overseeing 325,000 employees, many of them quite brilliant and able to do the job as CEO, had to go outside to pick Meg Whitman. Clearly, the HP board did it because they are puppeteers and Meg was their chosen puppet. Even most of the people on the Board are there representing interests of a few others.
Capitalism in America is not about running a corporation in the interest of shareholders, employees, customers and suppliers, as you have been led to believe. It's about control and exploitation by the 1% and their puppets who include people like Bernanke and Geithner and, yes, Obama, Bush and much of Congress.
Think about this the next time you see a new CEO being parachuted in from a powerhouse company, overlooking qualified employees. Think about it while listening to the wannabe candidates for US President, wondering why it's these people instead of thousands of others who legitimately qualify. The issue is not about them, but who behind the curtain is putting up the money to make them President because they are the ones who will choose the path we move forward in the future, not the President.
In the corporate world, Canadians got to see this behind the scenes take-over when Brascan/Brookfield dropped their former Executive Vice President into the Stelco board and made him CEO shortly after, who then quickly destroyed that company, to their benefit. Brookfield, with its roots in South Africa, is Canada's GE and GS. (highlight added)
In their own greed, so-called capitalists have been destroying wealth of the 99% just like they have been destroying democracy. When it comes to business, what the world needs now is a return to entrepreneurship, where new ideas, people and capital converge to create wealth. It's up to us, then, to support today's entrepreneurs and small business companies because they alone represent our hopes for a better future.
Just something on my mind today..."
Reprinted with Bill Cara's permission. Read more here: Cara Community