September 22, 2008, 1:41PM
I guess McCain does not talk too often to his spokesperson, Brian Rogers, who said this last Tuesday, September 16th,
"But McCain spokesman Brian Rogers said he didn't see the relevance of Fiorina's history. "We're talking about Freddie and Fannie and CEOs like Jimmy Cayne of Bear Stearns, Angelo Mazillo at Countrywide, folks that are largely responsible for what happened and walk away with this kind of multimillion dollar payout," Rogers said. "I don't think there's any analogy there.""
Maybe some CEOs are more deserving of parachutes than others? Maybe this is an admission that while CEOs of companies that actually make something, like HP (despite laying off 20,000), are more worthy than financial CEOs who only churn the finances and ruin other institution's pensions (etc.)?? Maybe McCain is simply a hypocrite.
One wonders what McCain will do when GM comes hat in hand to Paulson? Will he opt to let the GM managers have their pensions because they have a material product, or do they go the way of the Wall Street folk, deserving nothing, because the most profitable sector of GM is their financial department?