Wall Street Greed, Jack Welch, $8,000 Tickets, And the Dysfunctional Media
In going to the mailbox today, I was shocked by the grotesque invitation I received from HSMGlobal, http://www.hsmglobal.com, a New York City company that manages seminars. They invited me to a seminar in November 2011, at the nominal cost of $8000 dollars to see folks like Jim Collins, AG Lafley, Meg Whitman and Jack Welch speak.
The program was entitled “Elite Leadership Program” and with an $8,000 price tag, sure is. Not like the $71 thousand it costs just to show up at Davos Switzerland, but elitist nonetheless.
Jack Welch is not only a poster child for Wall Street and corporate greed, it was under his guidance that Welch made GE Capital a part of Wall Street as much as Credit Suisse or Goldman Sachs. Welch, who was worth around $900 million when skipped out of General Electric, reportedly gets a pension around $9 million a year. GE Capital, you will find in my next book, is Wall Street.
Meanwhile, our esteemed media fails to report about what young people have to protest down in lower Manhattan. Young people are pissed and rightly so. The empire is coming apart, and Wall Street, and companies like GE Capital are at the heart of it. Check out the site of what the young people are doing, http://www.occupywallst.org.