The Unsinkable brian cork™

Brian Patrick Cork is living the Authentic Life

executive inequity

February5

Yesterday Jim Kuhnhenn opted a story:  “Obama to detail compensation limits on executives”

In summary – Call it the maximum wage if you will. President Barack Obama wants to impose a $500,000 pay cap on executives whose firms receive government financial rescue funds.  This would be a dramatic intervention into corporate governance in the midst of financial crisis.


The new restrictions, described by an administration official familiar with the new rules, are to be announced Wednesday morning at the White House. The steps set the stage for the administration’s unveiling next week of a new framework for spending the money that remains in the $700 billion financial rescue fund.

“If the taxpayers are helping you, then you’ve got certain responsibilities to not be living high on the hog,” President Barack Obama

Okay.  I can buy that.  If executives are on watch at companies that demonstrate fiscal negligence and lay-off six thousand people (average salary of $42,000), they need to be accountable, and feel some pain too.

But, the real story here needs to be government compensation.  The average pay for a member of the House and Senate is $174,000. They get the same health benefits as the President of the United States.

When these bodies were originally formed the idea was for them to earn a wage that averaged the incomes of their constituents. Their benefits would follow.  This way they understood the needs of the people; would be in-sync with them; and, would be more incentivized to focus on their needs.

I want leadership that sets an example in both business and government.

This is both Jeffersonian in it’s ideal, and Randian (“Objectivism”) /1 in it’s application.

Peace be to my Brothers and Sisters.

Brian Patrick Cork

_________________________

1/ Ayn Rand’s The Fountainhead and Atlas Shrugged.

Brian Cork Acknowledging Congressman Dennis Kucinich

October1

So…

Ninety-one (91) House Democrats bolstered the Republican charge to kill the proposal to bailout Wall Street with $700 billion dollars that the United States will need to be borrow from World Banks.

We likely dodged a bullet here.  But, tomorrow/ Thursday is looming with a second effort to push a plan through.

Congressman Dennis Kucinich is a radical liberal with a shot gun at his hip.  But, the Jeffersonian in me thinks he is asking the right questions on the floor. 

Brian Patrick Cork

Tax The Smokers!

September30

Congress has passed tax legislation that will increase children’s health care coverage by $35 billion. The increased coverage will be financed with a 156% increase in the federal cigarette tax.

Obviously this means poor smokers would pay the majority of the Health Bill.

Apparently demographics indicate that Low-income people smoke more heavily than do wealthier people. So, chain-smoking red-necks are claiming that cigarette taxes are regressive.

On a more reasonable note, some of the insurance plan’s champions say higher cigarette taxes discourage smoking.

We need to put this into perspective… This is, of course, sublime poetry. It is a terrific example of the laws of natural selection getting ready to play itself out.

Peace be to my Brothers and Sisters.

Brian Patrick Cork

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What’s All This About?

"What am I looking at?", you might wonder.

Lots of stuff.

Meanwhile, here, I discuss events, people and things in our world - and, my (hardly simplistic, albeit inarticulate) views around them.

You'll also learn things about, well, things, like people you need to know about, and information about companies you can't find anywhere else.

So, while I harangue the public in my not so gentle way, you will discover that I am fascinated by all things arcane, curious about those whom appear religious, love music, dabble in politics, loathe the media, value education, still think I am an athlete, and might offer a recipe.

All the while, striving mightily, and daily, to remain a prudent and optimistic gentleman - and, authentic.

brian cork by John Campbell





photos by John Campbell

 

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