Robert Benmosche, the CEO of American International Group (AIG) recently offered some blunt advice to college graduates searching for work.
“You have to accept the hand that’s been dealt you in life,” Benmosche said in an interview on Bloomberg Television. “Don’t cry about it. Deal with it.”
As is typical of one-percenters, Benmosche blames willing-to-work college graduates for the refusal of rich employers to offer jobs instead of excuses.
AIG’s way of “accepting the hand that’s been dealt you in life” was to go crying to the Federal Government for a bailout loan–which eventually ballooned to $182 billion.
If college graduates should “deal with” the hardships of finding a responsible, hiring-inclined employer with a stiff upper lip, as Benmosche advises, the same advice should work wonders on greed-fueled CEOs.
Greed-test CEOs for future government loans.
After all, drug-testing welfare recipients has become the new mantra for Republicans.
Some bills have even targeted people who seek unemployment insurance and food stamps, despite scanty evidence that the poor and jobless are disproportionately on drugs.
The concept of background screening is actually sound. But Republicans are aiming it at the wrong end of the economic spectrum.
Since 2008, the government has handed out billions of dollars in bailouts to CEOs of the wealthiest corporations in the country.
The reason: To rescue the economy from the calamity produced by the criminal greed and recklessness of those same corporations.
In 2008, Alan Greenspan, the former chairman of the Federal Reserve, testified before Congress about the origins of the Wall Street “meltdown.”
He admitted that he was “shocked” at the breakdown in U.S. credit markets and said he was “partially” wrong to resist regulation of some securities.
“Those of us who have looked to the self-interest of lending institutions to protect shareholder’s equity–myself especially–are in a state of shocked disbelief,” said Greenspan, who had ruled the Fed from 1987 to 2006.
As a disciple of the right-wing philosopher, Ayan Rand, Greenspan had fiercely held to her belief that “The Market” was a divine institution. As such, “it” alone knew what was best for the nation’s economic prosperity.
“Enlightened self-interest,” he believed, would guarantee that those who dedicated their lives to making money would not allow mere greed to steer them–and the country–into disaster.
As he saw it, any attempt to regulate greed-based appetites could only harm that divine institution.
Greenspan proved wrong. And the nation will be literally paying for such misguided confidence in profit-addicted men for decades to come.
So if Republicans want to protect the “poor, oppressed taxpayer,” they should demand background investigations for those whose addiction truly threatens the economic future of this country.
That is–the men (and occasionally women) who run the nation’s most important financial institutions, such as banks, insurance and mortgage companies.
Thus, in the future, all CEOs–and their topmost executives–of financial institutions seeking Federal bailouts should be required to:
- Undergo “full field investigations” by the FBI and IRS.
- Submit full financial disclosure forms concerning not only themselves but all members of their immediate families.
- Be subject to Federal prosecution for perjury if they provide false information or conceal evidence of criminal violations.
- Periodically submit themselves for additional background investigation.
- Be subject to arrest, indictment and prosecution if the background investigation turns up evidence of criminal activity.
In addition:
- If a bailout-seeking financial institution refuses to comply with these criteria, it should be refused the loan.
- If a CEO and/or other top officials are judged ineligible for a loan, the company should be asked to replace those executives with others who might qualify.
- Those alternative executives should be subject to the same background investigation requirements as just outlined.
- If the institution refuses to replace those executives found ineligible, the Government should refuse the loan.
- If the Government is forced to take over a troubled financial institution, its CEO and top executives should be replaced with applicants who have passed the required security screening.
The United States has a long and embarrassing history in worshipping wealth for its own sake. Part of this can be traced to the old Calvinistic doctrine that wealth is a proof of salvation, since it shows evidence of God’s favor.
Another reason for this worship of mammon is the belief that someone who is wealthy is automatically endowed with wisdom and integrity.
Following these beliefs to their ultimate conclusion will transform the United States into a plutocracy–a government of the wealthy, by the wealthy, for the wealthy.
Every day we see fresh evidence of the destruction wrought by the unchecked greed of wealthy, powerful men.
When they–and their paid shills in Congress–demand, “De-regulate business,” it’s essential to remember what this really means.
It means: “Let criminals be criminals.”


"1984, ABC NEWS, ASHLEY WARDEN, CBS NEWS, CENSORSHIP, CHILLI'S, CNN, EMPLOYEE RIGHTS, FACEBOOK, FIRST AMENDMENT, GEORGE ORWELL, HARALSON COUNTY MIDDLE SCHOOL, JOHNNY COOK, JOSEPH MCCARTHY, NBC NEWS, POLICE, SCHOOL LUNCH PROGRAMS, THE LOS ANGELES TIMES, THE NEW YORK TIMES, THE WASHINGTON POST, TWITTER
FIRST AMENDMENT DANGERS
In Business, Law, Social commentary on June 13, 2013 at 12:07 amWARNING: Believing that the First Amendment gives you the legal right to express your opinion may be hazardous to your career.
The First Amendment to the United States Constitution says: “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.”
Of course, that refers only to Congress. It says nothing about employers–and especially those self-appointed pseudo-gods who claim to be the personification of virtue and infallibility.
If you doubt it, just ask Johnny Cook, who until recently worked as a bus driver for the Haralson County Middle School in Georgia.
In late May, a sixth-grade student boarding Cook’s school bus said he was still hungry. Cook asked why, and the student said he hadn’t been given any lunch.
The reason: He had been forty cents short for buying a reduced lunch. So he hadn’t been given anything, not even the peanut butter offered to everyone else.
Furious, Cook vented his spleen on his Facebook page on May 21:
“This child is already on reduced lunch [program] and we can’t let him eat. Are you kidding me? I’m certian there was leftover food thrown away today.
“But kids were turned away because they didn’t have .40 on there account. As a tax payer I would much rather feed a child than throw it away. I would rather feed a child than to give food stamps to a crack head.”
Just two days later, Cook was fired over that post.
Johnny Cook and friends
The “official reason,” as given by Superintendent Brett Stanton, was that Cook had violated the school’s social media policy by daring to express his opinion publicly.
The policy states:
“Students who post or contribute any comment or content on social networking sites that cause a substantial disruption to the instructional environment are subject to disciplinary procedures.
“Employees who post or contribute any comment or content on social networking sites that causes a substantial disruption to the instructional environment are subject to disciplinary procedures up and including termination.”
This is similar to the policies–and atmosphere–of the Joseph McCarthy “smear and fear” era of the 1950s. You didn’t have to actually be proven an actual Communist, or even a Communist sympathizer.
All that was neeeded to condemn you to permanent unemployment was to become “controversial.” That way, the employer didn’t have to actually prove the employee’s unfitness.
The Almighty Employer need only declare: “Your usefulness to me is over.”
Consider the statement offered by Superintendent Stanton: “I can assure you it did not happen,” he told the CBS affiliate in Atlanta.
And how could he be so certain? Because, said Stanton, he had thoroughly investigated the incident.
“The video surveillance footage clearly shows that the student never went through the lunch lines at the county middle school,” Stanton said.
Therefore, Stanton said, the boy couldn’t have been offered the bagged lunch for students in his situation.
When asked if someone should have noticed the boy wasn’t eating lunch, he had a ready excuse for that: “When you have almost 1,000 students, it’s very difficult to notice.”
Stanton wouldn’t discuss Cook’s termination because it’s a personnel matter, but did say the school district has a strict Facebook policy.
CBS Atlanta contacted the sixth-grader’s family–who backed up Cook’s story.
Cook, who is married and the father of two kids, told CBS Atlanta that he felt in his “heart of hearts the kid was telling the truth.”
A petition has been posted to Change.org demanding that Cook be reinstated. It has so far gained more than 10,000 signatures.
Nor is Cook the only victim of employers who have no regard for the First Amendment.
Ashley Warden, a waitress at an Oklahoma City Chili’s insulted “stupid cops” on her Facebook page. In 2012, her potty-training toddler pulled down his pants in his grandmother’s front yard–and a passing officer gave Warden a public urination ticket for $2,500.
Warden was quickly fired. In an official statement, Chilli’s gave this excuse:
“With the changing world of digital and social media, Chili’s has Social Media Guidelines in place, asking our team members to always be respectful of our guests and to use proper judgement when discussing actions in the work place. After looking into the matter, we have taken action to prevent this from happening again.”
Put more honestly: “We have taken action to prevent” other employees from daring to exercise their own First Amendment rights.
Employers need to be legally forced to show as much respect for the free speech rights of Americans as Congress is required to.
Until this happens, the workplace will continue to resemble George Orwell’s vision of 1984–a world where anyone can become a “non-person” for the most trivial of reasons.
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