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I will protect your pensions. Nothing about your pension is going to change when I am governor. - Chris Christie, "An Open Letter to the Teachers of NJ" October, 2009
Tuesday, June 28, 2011
Lawrence O'Donnell Nails Christie
Last night, O'Donnell shows Christie's contempt for his constituents quite clearly:
The only thing I'd add is that maybe Christie would have gone easier on "Gail" if her name had been "Bill"; but he knows what his base likes...
2 comments:
Lisa---non-insulated teacher who spent half her career in the private sector ;)
said...
Gail asked a valid question. Her implication was that the Governor has no "skin in the game", which was Warren Buffett's description of the preferred method of corporate governance; his thought being that if a managing executive has a personal stake in the company, s/he will be more motivated towards its success.
All top executives need to explain themselves to both their board of trustees and their stockholders. Gail, as a voter and taxpayer, is both his boss and a stockholder. She hired him, pays his salary, and New Jersey is her business, literally and figuratively. Asking the managing executive she hired and pays to explain his budgetary and operating decisions is entirely her business--and her duty. Christie is, in fact, accountable to her for his decisions and to answer her questions, as he subsequently did for David Gregory and Joe Scarborough. The board and stockholders then base their future decisions on the manager's answers and results.
Christie's answer to Gail was insolent and insubordinate, and should figure prominently in his annual review and PIP (Professional Improvement Plan). His future with the company is in question, and if this continues, in jeopardy.
2 comments:
Gail asked a valid question. Her implication was that the Governor has no "skin in the game", which was Warren Buffett's description of the preferred method of corporate governance; his thought being that if a managing executive has a personal stake in the company, s/he will be more motivated towards its success.
All top executives need to explain themselves to both their board of trustees and their stockholders. Gail, as a voter and taxpayer, is both his boss and a stockholder. She hired him, pays his salary, and New Jersey is her business, literally and figuratively. Asking the managing executive she hired and pays to explain his budgetary and operating decisions is entirely her business--and her duty. Christie is, in fact, accountable to her for his decisions and to answer her questions, as he subsequently did for David Gregory and Joe Scarborough. The board and stockholders then base their future decisions on the manager's answers and results.
Christie's answer to Gail was insolent and insubordinate, and should figure prominently in his annual review and PIP (Professional Improvement Plan). His future with the company is in question, and if this continues, in jeopardy.
"His future with the company is in question, and if this continues, in jeopardy."
Hee, hee, hee...
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