Word: enrichments
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That, barring a surprise revelation, is not what the U.S. President is likely to produce this time. Stories will be told, like the one Administration officials are retailing about Iraq's efforts to acquire thousands of specialized aluminum tubes for possible use in centrifuges to enrich uranium. Pictures will be flourished, like the ones of sinister new structures at old nuclear-related sites in Iraq. But it's the inability to know what's under those roofs and what those aluminum tubes are really for that lies at the heart of the Bush Administration's case against Iraq...
What is Bush if not a member of the elite who made millions in business largely because of his name and connections, and who as President has promoted policies designed to further enrich the wealthy at the expense of the rest of us? It's sickening when Bush strikes that "plain folks" pose. He is plain folks neither by birth nor by virtue of demonstrating any sympathy for people in the middle- and lower-income brackets. TRUDY RING Burbank, Calif...
...that question about us.) One explanation is the conflicts between the short-term interests of those in power and the long-term interests of everybody: chiefs were becoming rich from processes that ultimately undermined society. That too is an acute issue today, as wealthy Americans do things that enrich themselves in the short run and harm everyone in the long run. As the Anasazi chiefs found, they could get away with those policies for a while, but ultimately they bought themselves the privilege of being merely the last to starve...
CEOs have plundered their companies, received huge payouts for mediocre or bad performance and left shareholders and employees with the mess [ECONOMY, July 29]. CEOs and other executives must not be allowed to write their own compensation and separation packages. Executives must not enrich themselves by making investors and employees poor. WILLIAM KENNETH WOODARD Louisville...
...privatization plan "is a joke" designed to enrich insiders while minority shareholders get the shaft, says Mark Mobius, manager of the Templeton Developing Markets fund, which owns Boto shares. "They basically want to gut the company of its best assets for an unreasonably low price." Stockholders are being offered four cents a share to part with the manufacturing division. Mobius says the offer, at around six times Boto's per-share earnings, should be almost double that considering the company's predicted growth rate. (Boto officials did not return several phone calls, and the Carlyle Group declined to comment...