<div dir="ltr"><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Bob Reuschlein</b> <span dir="ltr"><<a href="mailto:bobreuschlein@gmail.com">bobreuschlein@gmail.com</a>></span><br>Date: Sat, Sep 19, 2015 at 6:27 AM<br>Subject: Corporate Leadership Ethics<br>To: <br><br><br><div dir="ltr"><p class="MsoNormal" style="margin-bottom:0.0001pt"><span style="font-size:12pt;font-family:'Times New Roman';color:black;background-image:initial;background-repeat:initial">Link to send or tweet to
others by:</span><span style="font-family:'Times New Roman'"> </span><b><span style="font-size:16pt"></span></b></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><span style="font-size:12pt;font-family:'Times New Roman';color:rgb(51,51,51)"><a href="https://bobreuschlein.wordpress.com/2015/09/18/corporate-leadership-ethics/" target="_blank">https://bobreuschlein.wordpress.com/2015/09/18/corporate-leadership-ethics/</a></span></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><span style="font-size:12pt;font-family:'Times New Roman';color:rgb(51,51,51)"> </span></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><b><span style="font-size:24pt;font-family:'Times New Roman'">Corporate Leadership Ethics</span></b></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><span style="font-size:16pt;font-family:'Times New Roman'">By Professor
Robert Reuschlein</span></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><b><span style="font-family:'Times New Roman'"> </span></b></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><b><span style="font-size:12pt;font-family:'Times New Roman'">Leadership
Responsibilities</span></b></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><span style="font-size:12pt;font-family:'Times New Roman'"> </span></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><b><span style="font-size:12pt;font-family:'Times New Roman'"> </span></b><span style="font-size:12pt;font-family:'Times New Roman'">“From everyone who has been
given much, much will be demanded; and from the one who has been entrusted with
much, much more will be asked” (<a href="http://biblia.com/bible/esv/Luke%2012.48" target="_blank">Luke 12:48</a>). </span></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><span style="font-size:12pt;font-family:'Times New Roman'">Some time around <a href="tel:1990" value="+661990" target="_blank">1990</a> boards of directors of major
corporations changed their hiring practices for CEOs, chief executive
officers. Instead of looking around and determining fair pay levels like
in previous practice, they began paying an extra 20% in an effort to hire the
very best. Unfortunately this began an upward spiral in executive
salaries that took pay levels from 120 times the average employee in <a href="tel:1980" value="+661980" target="_blank">1980</a> to
700 times the average employee around the year 2000. In fact, Bill Moyers
reported back then that the average Fortune 500 CEO was making $37 million to
the average employee of $38,000 in those companies, approximately <a href="tel:1000" value="+661000" target="_blank">1000</a> to
1. Ever since then the average top 1% income person had widened the gap
from the other 99% considerably, consuming almost 100% of all income increases
since the 2008 recession. In fact it
truly is the 99% who are being exploited by the top 1%: when you look at the average top 5% income in
1979 and compare it to the top 5% minus the top 1% in 2007, the average for the
next 4% in 2007 is lower than the top 5% average in 1979. So the elites are exploiting even the near
elites.</span></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><b><span style="font-size:12pt;font-family:'Times New Roman'"> </span></b></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><b><span style="font-size:12pt;font-family:'Times New Roman'">History</span></b></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><span style="font-size:12pt;font-family:'Times New Roman'"> </span></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><span style="font-size:12pt;font-family:'Times New Roman'">Ever since the <a href="tel:1981" value="+661981" target="_blank">1981</a> Reagan tax cuts richly rewarded
the top 1% much more than the average person by cutting the top income tax rate
from 70% down to 28%, income inequality has been steadily getting worse in America. One economist, Justin Farley, had found than
the top tax rate does robustly inversely correlate with income inequality in America over
the last century. While the average
Reagan income tax cut was 25%, this 60% tax cut for the rich meant the average
person got a much smaller tax rate cut than 25% since the rich pay nearly half
the income tax revenue. Since the
seventies, average people have experienced no net income increases, while the
top 1% has seen their incomes quadruple from <a href="tel:1979" value="+661979" target="_blank">1979</a> to 2007 according to the
nonpartisan Congressional Budget Office.
And it has gotten worse since then.
Reagan was a lobbyist for General Electric, the number one nuclear
weapons contractor during the Cold War; hence the heavy shadow of empire and
the military industrial complex has to take the major blame for our current
circumstances (see Infact report circa 1980s for details then). The new debt of the twelve years of Reagan
Bush was equal to the military spending of those years, three trillion dollars
each by my own calculations (not adjusted for inflation since <a href="tel:1992" value="+661992" target="_blank">1992</a>).</span></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><b><span style="font-size:12pt;font-family:'Times New Roman'"> </span></b></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><b><span style="font-size:12pt;line-height:115%;font-family:'Times New Roman'">Ethics</span></b></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><span style="font-size:9.5pt;line-height:115%;font-family:Arial;color:rgb(80,0,80);background-image:initial;background-repeat:initial"><br>
</span><span style="font-size:12pt;line-height:115%;font-family:'Times New Roman';background-image:initial;background-repeat:initial">The failure of the corporate elite to check
themselves in this period represents an abdication of their fiduciary
responsibility to their shareholders, as most CEOs recommend who should be
added to the boards of directors of large corporations</span><span><span style="font-size:12pt;line-height:115%;background-image:initial;background-repeat:initial">. It is in fact an example of crony capitalism. Unlike the current corrupt Supreme Court and
judiciary, an honest judiciary might well find in favor of a class action
lawsuit that addressed these CEOs and their boards to retake this extorted
income and restore the shareholders of these corporations who have been
systematically exploited by this large scale class warfare against the rest of
us by these CEOs and their cronies. In
the major banks, this lack of ethical responsibility lead to loan officers
giving mortgages out to poor risks in the housing boom of the Bush years. The greatest housing booms were in the same
states with the greatest military buildups.
These same states are the most corrupt in the country, because high
military spending increases crime nationally and regionally. Hence the military buildup multiplied the
conditions for the 2008 banking implosion that resulted from lack of oversight
by the regulatory agencies.</span></span><span style="font-size:12pt;line-height:115%;font-family:'Times New Roman';background-image:initial;background-repeat:initial"></span></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><span style="font-size:12pt;font-family:'Times New Roman';background-image:initial;background-repeat:initial"> </span></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><span style="font-size:12pt;font-family:'Times New Roman';background-image:initial;background-repeat:initial">Empires
create crime and power corrupts, with alienation and low ethics as explained
here:<span> </span></span></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><span style="font-size:12pt;font-family:'Times New Roman';background-image:initial;background-repeat:initial"><a href="https://www.academia.edu/4862977/CRIME_and_the_Military_1989-1999_3p._1999" target="_blank">https://www.academia.edu/4862977/CRIME_and_the_Military_1989-1999_3p._1999</a></span></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><span style="font-size:12pt;font-family:'Times New Roman';background-image:initial;background-repeat:initial"> </span></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><span lang="DE" style="font-size:12pt;font-family:'Times New Roman';color:rgb(51,51,51)">Professor Robert Reuschlein, Dr. Peace,</span></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><span style="font-size:12pt;font-family:'Times New Roman';color:rgb(51,51,51)">Real Economy Institute</span><span style="font-size:12pt;font-family:Arial">, </span><span style="font-size:12pt;font-family:'Times New Roman';color:rgb(51,51,51)">Madison</span><span style="font-size:12pt;font-family:'Times New Roman';color:rgb(51,51,51)">,Wisconsin<br>
CONTACT: <a href="mailto:bobreuschlein@gmail.com" target="_blank">bobreuschlein@gmail.com</a><br>
INFO: <a href="http://www.realeconomy.com" target="_blank">www.realeconomy.com</a> </span></p>
<p class="MsoNormal" style="margin-bottom:0.0001pt"><span style="font-size:12pt;font-family:'Times New Roman';color:rgb(51,51,51)">MESSAGE: 608-230-6640</span></p></div>
</div><br><br clear="all"><div><br></div>-- <br><div class="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div>Check out the Commons Transition Plan here at: <a href="http://commonstransition.org" target="_blank">http://commonstransition.org</a> </div><div><br></div>P2P Foundation: <a href="http://p2pfoundation.net" target="_blank">http://p2pfoundation.net</a> - <a href="http://blog.p2pfoundation.net" target="_blank">http://blog.p2pfoundation.net</a> <br><br><a href="http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation" target="_blank"></a>Updates: <a href="http://twitter.com/mbauwens" target="_blank">http://twitter.com/mbauwens</a>; <a href="http://www.facebook.com/mbauwens" target="_blank">http://www.facebook.com/mbauwens</a><br><br>#82 on the (En)Rich list: <a href="http://enrichlist.org/the-complete-list/" target="_blank">http://enrichlist.org/the-complete-list/</a> <br></div></div></div></div>
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