Thursday, February 22, 2007

If Bush were CEO, he'd be fired, says business executive

Comparing the United States to a troubled private corporation, a business executive in Salon this morning says that if President Bush were the CEO of a private company, its board would send him packing.

Warren Hellman founded Hellman & Friedman, a private equity investment firm, and was the youngest employee ever appointed partner at Lehman Brothers. Noting that Bush is the first president with a Master's degree in Business Administration, he writes in Salon that "if the United States were a company, it would be a troubled one," pointing to Bush's shortcomings in managing the national budget, its poor warfighting in Iraq and Afghanistan, and other crises.

Hellman concentrates on six acts of commission or omission by the president that would be grounds for firing of the president was Chief Executive Officer of a company: failing to be fiscally responsible; making poor strategic decisions; poorly executing those decisions; choosing poor personnel; poor research and development for the future; and, failure to adhere to the institution's charters and bylaws.


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