In a Global Economy, American CEOs Are a Different Breed

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American CEO's risk nothing, they are safe from any responsibility.

Chinese CEO's risk their heads, they are held responsible.

I like the Chinese model.

Joe of CA 6:11PM November 18, 2009

No wonder American CEO's are comfortable with risk since they never assume any of it themselves. Risk, like paying taxes, is for the little people: Non-C-Suite employees, vendors, taxpayers, shareholders. You know, trailer trash like that.

Things go well: CEO's rake in the dough. Things go badly: CEO's rake in slightly less dough. Things go to hell in a handbasket: CEO's bail with their golden parachutes. (See "Robert Nardelli.")

Where's the downside to any of this?

Mandy Cat of CO 3:52PM November 18, 2009

Well, yes. I think most of the industrial world has gotten some small insight into this. Of course it doesn't hurt their confidence level knowing that Uncle Sugar will bail them out if things go horribly wrong.

Hisako of HI 6:55PM November 17, 2009

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