F. Lee Scott

Corporate CEOs Must Heed Election Results, Too

Kindler photoThe electorate’s repudiation of Barack Obama and his Congressional allies was not only a rejection of Big Government, but also of business elites who were buffeted from the downturn by political dealing at the expense of ordinary people.

Unless Corporate America heeds the election results, it too will risk the wrath of an informed and energized public. Here are CEOs who must pay attention to what happened yesterday:

Pfizer CEO Jeffrey Kindler- Not only did Kindler (above) lead the charge of Big Pharma CEOs for ObamaCare, he actually got a multi-million dollar bonus from Pfizer for doing so. This is not going to look very good once ObamaCare spikes insurance premiums, prompts hospital closures, and explodes the number of uninsured. Of course, Kindler wasn’t naïve or confused, he had reason to help destroy the health system. Big Pharma made a deal that guarantees it customers and insulation from competition. (I assume Kindler plans to retire before the government forces Pfizer to sell its products for less than it costs to produce them.)

Former Wal-Mart CEO Lee Scott Belittled at Goldman Sachs Annual Meeting

Lee Scott photoAt the Goldman Sachs annual meeting on Friday, former Wal-Mart CEO Lee Scott was elected to the Goldman board of directors. Several Left-wing activists rose to sing his praises. I added this comment at the end of my remarks about our shareholder proposal asking for a report on the science behind Goldman’s embrace of global warming:

Mr. Blankfein, I hope you will reach out to experts on with diverse viewpoints. Sorry to say, your new director, Lee Scott, can be of no help. He claimed that carbon dioxide causes hurricanes, something he must have picked up from Al Gore. He also took a company founded by Sam Walton, one of the greatest entrepreneurs of all time, and transformed it into a cowed giant, almost an appendage of the state, now supporting ObamaCare and cap and trade.

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