Thread: Public vs Private

While we complain about mismanaged states not being able to pay for teachers, firemen, and policemen, the price some of our private executives get comes directly our of our pocketbooks. Now think about this pne the next time you pay for electricity.

Dynegy exec’s severance detailed

Severance became a key issue in the Dynegy saga last year, when shareholders voted down a buyout offer from private equity firm Blackstone in part because Dynegy executives stood to gain about $38 million in golden parachutes.

Last week, under mounting pressure from investors, Bruce Williamson, Dynegy’s chairman and chief executive, agreed to step down. He’ll receive a total of about $5 million in cash and his outstanding shares of restricted stock and options will fully vest, Dynegy said in a regulatory filing.

Chief Financial Officer Holli Nichols, who also stepped down, and who has taken a job with another company, will receive a payment of $250,000, Dynegy said.

http://fuelfix.com/blog/2011/02/25/dyne ... -detailed/

bigtex, I have a question. What happens when corruption creeps into the public sector? Waste, fraud, abuse? Then when we look at the private sector we see corruption, excessive parachutes and pay, lobbying for more regulations to help their own, buying political favors, bailouts, etc.........Then we could have an illusionary effect of competition between the two?

Do both inadvertently help each other? Who sweeps up and consumes the waste of the public sector? Or at least some of that waste through padded and protected contracts? The public sector unions get some of the spoils and the private sector corporations eat at the same table of spoils?

Then it would seem there are others left holding the bag of both...........

As a spectator, not a member of a public union, or member of the public payroll, nor a CEO, lobbyist, or stockholder with no discernment as to how the shares prices grow,.......................who should I root for? Bigger government with more corruption, or bigger corporate footprints with more government corruption?

It seems to me that unions in the public sphere will make for great partners with corporate interests. Pension funds ever expanding are invested where? This in turn places pressure upon the corporation to increase market share, or find more profits somewhere, even if it is by outsourcing to take advantage of lower labor costs.

Sortof like a commie meeting a fascist on the street corner and agreeing to mug the next innocent passerby citizen and agree to split the spoils.

JMO

Originally Posted by roundabout

who should I root for? Bigger government with more corruption, or bigger corporate footprints with more government corruption?

To me they are on in the same. In Wisconsin for instance it seems the Koch's have the governor by the gonads and are squeezing him for political favors, one being the destruction of unions. As I see it, the greed and power of the public sector causes corruption of the government. Looks at who really is in control of our government. It's not politicians it is people like George Sorus, David Rockefeller, Joseph Nye, Jr., Ben Bernanke, etc. They pull the stings.