Read these two articles:
Reason Magazine’s Why Poor Countries Are Poor, and The Oncoming Credit (Card) Crisis.
Somehow I suspect these two articles are related in theme. The reason CEOs milk shareholders through short-term strategies is precisely the same reason why short-lived dictators in Cameroon plunder from their people. Acting purely in self-interest, there is no reason [...]
Archives for posts tagged ‘bailout’
CEOs and Banditry
Wednesday, 3 December 2008