Rick Williams’ (2/8, Letters) recent criticism of Claire McCaskill’s branding corporate executives as “idiots” is laughable. Comparing limiting executive bonus pay to an American descent into socialism couldn’t be more off the mark. I would say rewarding failure and non production with any compensation is really the framework of a non-capitalistic society.
If Williams is so worried that his grandchildren will suffer from the ill effects of socialism creeping into American culture, I recommend that he tell them never to drive on the interstate, call the fire department, use the library or go to public schools. Oh, and please rip up his Social Security checks, too.
Here in the United Kingdom they are taking similar measures to limit executive bonuses. So if bankers can’t cope with their measly base salaries, then let then move and orchestrate other financial catastrophes in a nation that rewards incompetence.
Belfast, Northern Ireland