I just got finished reading Steve Job's biography and was amazed about the fact that Al Gore was on the board of Apple.
Then I remembered that both Hillary Clinton and Michelle Obama had been on the boards of Wal-Mart. So,..I don't get it. The CEO's of these big multinational companies hiring government people to be on their boards, and paying them to vote on the company's issues.
Isn't that fascism?
From USA Today:
Corporations are largely forbidden from giving money directly to politicians' families for their personal use. But they can hire family members, pay them for making speeches and put them on their boards.
Lawmakers are required to disclose if they or their spouses receive fees of more than $1,000 for sitting on boards but are not required to specify how much they are paid. There is no limit on the number of boards a congressional spouse can sit on or how much can be earned
Elaine Chao, wife of Sen. Mitch McConnell, R-Ky., sat on the boards of Dole Food, Protective Life, Kindred Healthcare, Marine Transport, Northwest Airlines and several other companies before ethics rules required her to resign those positions when she was sworn in as Secretary of Labor last year.
Richard Blum, who is married to Feinstein, sits on the boards of six companies, including an offshore company in England called the Concord Egyptian Fund. Sen. Ben Nelson, D-Neb., reported receiving $59,460 last year from Behlen Manufacturing, a Columbus, Neb., maker of farm equipment. Nelson sits on the Senate Agriculture Committee.
Like I said: Nobody Thinks there should be a law saying no one connected with the government,
or their spouses or relatives, should be allowed to serve on the boards of any major companies. Really, what does Hillary or Michelle know about running a company? And WHY should they be allowed to vote on issues? Is Michelle on the board of McDonalds? Is that why I'm getting apples in my Happy Meal?
Nobody Wonders. But Nobody is amazed as I am that this goes on.