Thomas Jefferson said in 1802: "I believe that banking institutions are more dangerous to our liberties than standing armies."

"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."-- Thomas Jefferson

"When in danger or in doubt, run in circles, scream and shout." .... jbd

"When once a job you have begun, do no stop till it is done. Whether the task be great or small, do it well, or not at all." .... Anon

Insanity: doing the same thing over and over again and expecting different results. - Albert Einstein

Television is one daylong commercial interrupted periodically by inept attempts to fill the airspace in between them.

If you can't start a fire, perhaps your wood is wet ....

When you elect clowns, expect a circus ..............




Thursday, April 18, 2013

Hip Hip Hooray for Lord Wolfson ........


"Good Lord!" says the headline in a British newspaper, praising Lord Wolfson, business leader and peer of the realm, for having been uncommonly generous.

Wolfson, CEO of Next, the U.K.'s biggest department store chain, gave his entire annual bonus--$3.6 million—to his employees.

But in the U.S. no CEO of a public company, so far as we could find, has recently given his bonus back to his employees. That's not to say some CEOs haven't foregone what's due them. Just last week a judge nixed a $20 million severance deal for Tom Horton, CEO of American Airlines.

Nor has any CEO in the U.K, other than Wolfson, according to Alistair Mackinnon-Munson, a spokesperson for Next. "It's the first time that any chief executive has ever done anything like this," he confirms. "All our staff of 19,400 will share in it as a cash bonus. It works out to about 1 percent of their basic salary."