What the NFL Teaches Corporate America
The pressure is ramping up on Goodell. There must be a few owners that still read the Journal & this won't go over well. Amoung other things, the article says that any public company would have fired Goodell for poor performance years ago & characterizes his contract demands as "practically an extortion".
Oh, save me the Wall Street Journal's self-aggrandizing and self-righteous pronouncements.
Corporations across the country are led by men and women who played their Board and Public politics to the max to get and keep their jobs...or maybe you haven't been following the fraud that the Chairmanship of Jeff Immelt at GE has turned out to be? Company after company is managed by politicians who learned how not to rock the boat and how to position their "performance" for gullible and/or lazy analysts.
And before you tell me how well the S&P 500 or Dow has performed, study the Policies of the Fed that have driven up the National Debt "off the books," kept interest rates low and, as a result, artifically propped up their shares for the past eight years...once the Fed gets formally and permanently out of the business of printing money that can neither be borrowed nor spent, interest rates begin to rise and share prices begin to decline.
Yes, I do understand that the above is more highly nuanced than I am presenting it to be and yes I could write several pages on this, but it is fundamentally sound.
Goodell got the small market owners in line. Kraft conned the Union. The CBA passed with everyone but Jerruh behind it and Paragraph 46 remained in the CBA. Using the line that W made (in)famous after Katrina, the owners basically think, "You're doing a heck of a job Roger."
