The Biz Bucks Blog provides former Biz Bucks students and other busy professionals with a summary and commentary of seminal articles from the opinion pages of the Wall Street Journal. You can be notified of a new posting by subscribing to the blog (enter email in box on right) or by following on Twitter: @BizBucksGuy.


Dancing With the Federal Bear April 20, 2016 8:00 AM

WSJ 15 April 2016, Page A9, “Bernie’s Spinal Surgery on CEOs” by Kimberley A. Strassel

The Biz Bucks Guy has used a metaphor over the years that says, “When you dance with a bear, you better be willing to dance, just as long as the bear wants to dance…and, by the way, at the end of the music, the bear eats you anyway!”

This applies to many CEOs in American business. Many of them have supported leftist ideologies, joining our leftist, anti-capitalist administration and politicians who regularly try to teach America that business is bad and government is the solution to protect us from the bad business people.

Kim Strassel’s piece (referenced above) calls out these CEOs, and rightfully so. Strassel points out how many large companies joined the green leftist radicals on supporting the unpassable cap-and-trade legislation, hoping to get personal handouts to ensure they profit from it. Other companies “folded like an accordion” on EPA’s diktat on climate change. Many healthcare companies got in lockstep on Obamacare hoping to curry favor from the administration. Other companies enjoy the advantage of being bankrolled by the Import-Export Bank. Internet companies folded on Net Neutrality, giving the feds unprecedented control over the internet.

Where is the CEO who tells us the equal-pay debate is a socialist ruse? When will spineless CEOs stand up against Obama’s mindless energy policies?

Strassel shouts hosanna that a few CEOs are beginning to speak out, naming McAdam of Verison, Immelt of GE, and execs at Exxon.  

May more CEOs realize that dancing with the federal bear only makes the CEO the bear’s breakfast when the music stops.

[Although opinion is included, The Biz Bucks Blog is primarily written to former students of Biz Bucks training courses to encourage their daily reading of the three opinion pages of the WSJ. This refreshes principles of Biz Bucks courses and improves business acumen on topics not discussed in Biz Bucks training.]


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