CPP problem

(left-click to enlarge)

In the Star today Fri May 29, 2009:

It isn't bad enough the mgmt of the CPP funds were responsible for a loss of $24B in 2008 (19.3% of the retirement fund).

It also is disconcerting the conservatives didn't respond to this news immediately.

It is disturbing nothing has happened to the senior mgmt after the disclosure.

It is most distressing Canada acts like the USA and pays senior mgmt bonuses for failure.

"Harper told MPs the Canada Pension Plan, worth about $100B at the end of the fiscal year , is "actually sound," will benefit Canadians for many decades to come and doesn't need politicians sticking their noses into the operation.". This is what we expect from our governing party???

What really bothers me is it takes the NDP to bring the heat onto the governing party. Where were the Liberals? The conservatives use attack ads on Ignatieff and he doesn't jump at the chance to discredit them in a legitimate way.

More to the point, is capitalism and free enterprise structured to pay for failure?

Business senior mgmt get substantial bonuses if their business does well ... and they receive substantial bonuses if their business fails!!

I really can't blame Denison, Wiseman, Raymond and Eadie. I have to blame their employer ... the ones responsible for administering their salary guidelines.

It does seem odd. I know not to gamble with my retirement funds and I made 3% on my investments in 2008. And I don't make quite as much as these four make ...

I guess it is time to Twitter Stephen again ...