The following is a copy of an email I sent to a reporter at the Milwaukee Journal in response to the latest “dufus” that was “called out” in response to his reckless actions during this economic downturn. When will these company executives get their heads out of their butts and realize that their actions are part of the reason we are in this mess to begin with???
Warm Regards to all…
John
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From: John [mailto:jrepinski@gmail.com] Sent: Thursday, February 12, 2009 10:05 PMTo: 'dbice@journalsentinel.com'Subject: Re: Associated Bank CEO and company trip- after recieving bailout money
Hi Daniel,
I listened to your interview this morning on 620tmj on my way to work and I am so glad that you as a reporter are telling it like it is and calling people “out on the carpet” when they need to be reigned in for the things they do. Though I do not usually care for Charlie Sykes and his views, I had to laugh at the fact that I was actually on his side this time.
I was a bit disappointed by the executive’s statements that though he took the bailout money, he felt that it had no bearing on the planned trip and wasn’t about to let public opinion sway his mindset……. and though I am glad to see he finally cancelled the trip he was planning for himself and his associates:
http://www.jsonline.com/watchdog/noquarter/39476367.html……I find it funny that he really doesn’t see anything wrong with the whole thing. I guess that is why he is paid $2 million a year in compensation.
This kind of situation is exactly one of the reasons why I have been against this bailout from the get go. I know there are people in the world who will take advantage of every penny that is offered to them and this CEO (and I am sure there are others just like him) is just the tip of the iceberg. Add to that, though he doesn’t feel that the money for these “perks” is coming from the “bail out” funds, he readily admits that the funds from the government are “co-mingled” with other bank funds.
I work my butt off for a pittance of that and I don’t expect anything except a “heartfelt thank you” from my employer for doing the best job I can, a paycheck that will get me home each day, allow me to pay my bills and give me a little something to have fun with every once in a great while (by a little something I mean a DVD or a decent dinner at a nicer restaurant or a trip up north to visit my parents once in a while)and maybe a little extra cash to put away for my retirement….which with the current state of the economy I have not been able to do hardly any of the above very well.
I speak from experience when I say the whole financial meltdown has touched many lives (I got laid off from a 10 year job a few months ago and have just recently returned to the work force with a job that is an hour (vs. 5 minutes) away from my home and at about the same pay) and that the attitudes of people like the CEO of Associated Bank goes to prove (to me at least) that the bank executives (as well as other highly paid executives who “rape” their own companies) themselves, with their decisions and their attitudes about the way they do things, were a big part of why things have gone haywire in the world as we know it.
I always look forward to your column and I hope you are around for a long time to come. The press needs more reporters like you.
Warm Regards,
A faithful reader