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Reader Comments (Page 1 of 1)
11-23-2008 @ 6:31AM
mike said...
This fuss is like the fuss over AIG still holding events for customers & staff at luxury resorts. We are holding a microscope to otherwise ordinary events because of the financial crisis. Things like this are the ordinary course of business, but they are now being judged through the lens of "ordinary joes" who shop at Walmart, and condemned under that standard. In AIGs case, the fact is that big corporations spend a lot of money to make a lot of money, but now they have ten million overseers watching every nickel they spend, the same will be true with the automakers. When they were making money, no one cared how they spent it. Whether capitalist companies can survive with these limitations and scrutiny is questionable, because the customers like to be wined and dined, and will go with another company that treats them better, all things being equal price-wise.