Sunday, April 22, 2007

Amusing Examination of Nasty Capitalists Laying People Off

Jim Geraghty observes:
As you’ll recall from yesterday, Sen. Hillary Rodham Clinton is upset with Circuit City for laying off 3,400 workers, wagging her finger to management in a letter that declared, “these decisions are inconsistent with the fundamental compact between your company and its employees. This is the wrong way to deal with the economic pressures of the day — and the wrong way to treat workers who’ve given their all to your company.”

Hillary doesn’t mention it in the letter, but one presumes she believes that the company has spent too much on other areas.
Then he marshals the evidence that suggests that the layoff of 75 workers at Simon & Schuster were caused by the $8 million advance that they gave an author named...Hillary Clinton several years that seems unlikely to ever be covered by royalties.

Was that just a bad call on the expected sales of the book? Or a disguised personal gift from a publishing company to a politician?

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