No, it's what the good bosses do because they know if an organization sucks, the responsibility for the failures lie with the management. It's that simple. I've seen far too many organizations "not agree" with this and dick around with the same morons who messed it up in the first place.
Take America's issues with the credit crisis.
The people who are responsible for this are not going to be either fired or heavily penalized. Don't you think that's outrageous? I think so.
It's not about looking good or not good, it's about results.
And actually yes, if the manager sucks, you sack him and get a better one. It works most of the time. When it doesn't work, it's because the board of directors or the chairman is also the problem but they haven't got the axe as they should have. Aston Villa's done very well since they got a new chairman and a new manager. It's not the only one out there either.

Originally Posted by Ted

I know the tactic, but I don't agree with it. It is too easy and not all managers suck in companies that don't do well. It looks good, granted. Why else do you sack the manager from some soccer club when the results are bad. But is proves ineffective most of the times...

My beef is with our Congress. They should have been more proactive about their oversight than they were. Where was Barney Frank when questions were raised about the policies. I'll tell you where he was. He was too busy crowing about how great things were.
This is the same guy who, when asked about how Congress was going to pay for the $700B bailout that we would use deficit spending until the economy got better, then they would tax the rich.

Fannie May fired their Financial Risk manager because he was asking too many questions about the number of risky loans being made.

The American economy was based on free markets. Free markets encourage innovation and efficiency. Socialism does not. In a free market working smart and working hard can get you ahead. Taking risks and trying new things are what this great country was founded on. Sure sometimes you fail but the truly great ones are the ones that try again, and again until they make it.

Originally Posted by HokieMSG

The American economy was based on free markets. Free markets encourage innovation and efficiency.

This might have been true in the beginning. After the share holders got into the picture, profit was the name of the game. Anything was done to appease the share holders and look what a mess that made.
I am no socialist, but I do think that the state needs to be involved more than they did. It is not about spending money, but checking the people with dollar signs in their eyes.

I am not an Obama fan but I do feel a little (very little) sorry for him. He isn't even President yet and the Media, liberals and everyone else with an agenda is after him.

He should get to sleep in the White House one night before the hounds are unleashed.

I can hear him on the first morning when he wakes up.

I'm The President! Oh, My God what have I done!

And Bush will be saying, "Serves him right er left whatever".

Originally Posted by Chukpike

I am not an Obama fan but I do feel a little (very little) sorry for him. He isn't even President yet and the Media, liberals and everyone else with an agenda is after him.

He should get to sleep in the White House one night before the hounds are unleashed.

I can hear him on the first morning when he wakes up.

I'm The President! Oh, My God what have I done!

And Bush will be saying, "Serves him right er left whatever".

Yeah, how dare he run for office, when a perfectly eligible canidate was already running!

]I'm not a Obama, fan either, in fact I don't like him one bit, not a race thing, and experience thing. BUT the man was elected to the office, I say he deserves the full respect of his office and position, and the support of the country. Don't dog the man for being "the first African-American" who cares? I don't, what matters is what he does with the country, lets give the man his chance, never know he might be "the one"

Originally Posted by Chukpike

I am not an Obama fan but I do feel a little (very little) sorry for him. He isn't even President yet and the Media, liberals and everyone else with an agenda is after him.

He should get to sleep in the White House one night before the hounds are unleashed.

I can hear him on the first morning when he wakes up.

I'm The President! Oh, My God what have I done!

And Bush will be saying, "Serves him right er left whatever".

Originally Posted by The Other Guy

Yeah, how dare he run for office, when a perfectly eligible canidate was already running!

Not sure what you mean. I think everyone should at least wait until he is the President before they start second guessing.

Originally Posted by Chukpike

Not sure what you mean. I think everyone should at least wait until he is the President before they start second guessing.

If you explain it that way, I agree. Misread that first part. However the second part I disagree. I think he knows what he's getting into.

I think there's nothing wrong with expressing an opinion on his transition efforts whether you agree or not. Expectations are so high from some quarters that he's bound to disappoint some of his supporters. The Gov. Blogojaevich situation is also adding fuel to the fire these days. Personally, I think there's a lot more that we don't know about Obama than we can imagine. American style politics is interesting but Chicago style politics is a whole other breed of animal. Now that we're about to have Chicago style politics on the national level, it's going to be an eye opening experience for many folks. It's going to be an interesting ride.

Originally Posted by Ted

This might have been true in the beginning. After the share holders got into the picture, profit was the name of the game. Anything was done to appease the share holders and look what a mess that made.
I am no socialist, but I do think that the state needs to be involved more than they did. It is not about spending money, but checking the people with dollar signs in their eyes.

While I agree in part with the above statement, I think that the share holders need to be more active. They should vote their proxies and attempt to understand how the business they are invested in is being run. Too Many times the boards are allowing the golden parachutes. Is that something that the government needs to be involved in? Absolutely Not. While there is nothing illegal about it, it is disturbing that the CEO of Home Depot can recieve a huge severance after running the company into the ground. Maybe the shar holders need to file a class action suit against the board of directors. Ultimately the ONLY perople who can have a beef with a company is someone who owns stock in the company. Now that the government is working on bailing out the big 3, the american public should have something to say about it. IMHO the big 3 should have to restructure under Chapter 11. This would force them to have a plan for financial viability. BTW I own stock in GM.