Let us separate smart business from stupid selfish maneuvers. Buying a jet after receiving taxpayer money, while charging said taxpayers upwards of 24% interest, is stupid and selfish. Giving bonuses and early retirement while TARP money is available; stupid and selfish, I’d even say criminal if it weren’t for the fact that there were no controls in place a la Bush. Ownership of a baseball field… stupid, not really selfish since it is a marketing effort.
Throwing a superbowl party is just smart marketing. It is seen by somewhere around 70,000 people in that location alone, read about afterward, spoken of in hushed tones; “What happens at the Superbowl, Stays at the Superbowl.” And in general, is a good marketing effort. I wouldn’t fault a company from wanting to stay public and edgy.
When you are a multinational corporation and there is little to no confidence… keeping talent is going to be difficult if you use public money, because the public does not trust you and your decision making processes as to who is talented within your organization.
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