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And, yes, I DO take it personally: "It is our company; it is our country...We cannot afford another failure as CEO"
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Thursday, February 22, 2007

"It is our company; it is our country...We cannot afford another failure as CEO"

managers at equity investment firms are required, more than almost anyone else in business or government, to recognize good leadership and management... their jobs, their livelihoods, and the livelihoods of their clients depend on it... you can bet that mr. hellman would NOT be recommending an investment in the united states in its current state...
Warren Hellman[, who] founded Hellman & Friedman, a private equity investment firm, and was the youngest employee ever appointed partner at Lehman Brothers [...] concentrates on six acts of commission or omission by the president that would be grounds for firing if the president was Chief Executive Officer of a company:

  • failing to be fiscally responsible
  • making poor strategic decisions
  • poorly executing those decisions
  • choosing poor personnel
  • poor research and development for the future
  • failure to adhere to the institution's charters and bylaws.
[...]

Looking at this record, Hellman concludes that "If Bush were the chief executive of a company, he would in all likelihood be given a good pension and quickly replaced." He asks Americans to think of themselves as stockholders, and writes that "it is our company; it is our country, and those we elect are our employees -- and are responsible to us. We cannot afford another failure as CEO."

it's the "quickly replaced" part that we had better begin paying attention to... every month those criminals remain in office is another month that the u.s. spends sliding down the tracks to an authoritarian state...

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