Saturday, April 21, 2012

Quote of the Day


 "rugged individualism" ? . . .
"It's nothing but a political banner to cover up greed." Mitt's dad George Romney

From Rolling Stone . . . .As a CEO he would give back part of his salary and bonus to the company when he thought they were too high. He offered a pioneering profit-sharing plan to his employees. Most strikingly, asked about the idea that "rugged individualism" was the key to America's success, he snapped back, "It's nothing but a political banner to cover up greed." He was the poster child for the antiquated notion that corporations have multiple stakeholders: the workers that breathe them life, the communities in which they are situated, and the nation to whom they owe a patriotic obligation – most definitely and emphatically not just stockholders, as Mitt and his defenders say.