101% American
  • Home
  • Reality Check
  • Stuarts-Blog

NOT A FIT PERSON TO EXERCISE THE STEWARDSHIP OF A MAJOR INTERNATIONAL COMPANY

5/3/2012

 
Picture
        "Not A Fit Person To Exercise the Stewardship
                Of A Major International Company."
    After phone hackings, lies to Parliament, use of moneyed power to influence members of Parliament including Prime Minister David Cameron, a British Parliament Select Committee has declared Rupert Murdoch unfit to run his global media empire.
    Murdoch is a U.S. Citizen with American operations, of which I’m reminded every time I pass a newsstand with screaming New York Post headlines. The British public and press are in a frenzy, but no one here seems much concerned.         
    Corporate and municipal bonds get ratings, so do restaurants and tennis players. But the only American organization that rates its leaders is the U.S. military, with a numerical system for its officer corps: 1 - Outstanding, 2 - Excellent, 3 - Average, 4 - Below Average, and 5 - Well Below Average. It’s likely not perfect but it does produce ratings, while corporate heads run loose no matter how badly they perform or  behave.
    A Parliament that can give a CEO a public “Unfit” rating is worth paying attention to. One of my favorite occasional pastimes is watching British Parliament on TV, less like our Congress than a raucous town meeting, people arguing, booing, shouting, “Hear Hear!”
    The U.S. Congress is beyond producing anything except partisan trumpery, but some neutral non-governmental organization—there must be one—able to keep corporate CEOs honest, at least relatively, and pull the plug on those who run amok, like Enron’s Kenneth Lay, WorldCom’s Bernard Ebbers, and a host of others is desperately needed. Heaven knows Rupert Murdoch is not the only viper in the nest.



Comments are closed.
    Picture

    Author (Yuma, AZ, 1944)

    Being 90 years in this world,  with great kids,  great grandkids, great wives (two, one at a time) and great memories, I wonder why some people seem to have stopped loving the U.S.A.? I will wonder in print right here. If you wonder too, or can provide some answers, please comment.
                                   Stuart Hodes

    Picture
           With my friend, Nero.
                   April, 2012.
        Photo by Ray Madrigal

    Archives

    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012
    February 2012
    January 2012
    December 2011
    November 2011
    October 2011
    September 2011
    August 2011
    July 2011

    RSS Feed

Proudly powered by Weebly