In Reply to: Re: Increase......Yipeee! ..... Really ??? posted by Philby on 06 March 2004 at 16:25:39:
Philby,
Thanks for that. Having trouble making some of your connections but I think there is a pattern emerging here. I came across this the other day. Looks like a very large %age of US Companies have been ripping of the US Government and they have just woken up. The transcripts behind the broadcast are even more disturbing. $50bn on the pending file in 2002. Why aren't the Inland Revenue onto this? Another cosy deal like with Fayed? Has anyone in Government been paid off?
My theory is that in the early 90's a new greed hit and the meal to feed the appetite was tax fraud and defined benefit to defined contribution pension change. A few people were rewarded with large amounts of money - in some cases like Gerstner enormous. Now the Companies have been sucked dry and worse for over a decade they have not innovated. So today the mantra is cut cost at all costs ... and that means finding a forgotten corner that is forever India.