SECTION 6. MINIMUM EXPECTATIONS FOR RETENTION AND INDEMNITY OF TALENT (M.E.R.I.T)
WHEREAS economic strength and confidence depend on fair and equitable treatment of the employed;
WHEREAS corporate executive officers constitute the most important members of the employed classes;
Therefore, the purpose of this section is to ensure corporate executive officers be entitled to greater job security commensurate with their elevated importance to American progress.
Many people show great concern when it comes to job security for the average American worker. But what about above-average American employees? Nobody seems to give a hoot about them. Isn't it strange that these exemplary, essential employees aren't given the same degree of concern?
You'd think more people would ponder the fact that nobody's looking out for these guys' best interest. After all, there's no such thing as a CEO union, protecting pay, perks, and job security from activist shareholders and other troublemakers. People obsess about what's fair for American workers, but it seems they've forgotten that CEOs are workers, too.
That's why The Motley Fool supports Section 6, the M.E.R.I.T. provision. It will ensure that these key employees can enjoy the peace of mind of knowing they're safe from unfair termination or censure.
When you think really hard about the powerful roles CEOs agree to take on for the good of mankind, you realize how easy it is to scapegoat these fellows for systemic failures or random acts of God that they have absolutely no knowledge of or control over. Every chief executive should be guaranteed a position that is safe from the random vagaries of business and the swiftly changing moods of consumer sentiment, not to mention downright socialistic agitating and media scandal-mongering.
If CEOs can operate without the fear of being unjustly jettisoned, their performance will improve thanks to their simple ability to sleep well at night. We all know how important sleep is. According to a recent study conducted by the American Academy of Sleep Medicine, sleep deprivation has an adverse affect on decision-making, including moral judgments. Maybe debacles at companies like Enron and Worldcom wouldn't have happened if those guys just got enough shut-eye. Sometimes there's a ridiculously simple solution to big problems that nobody thinks about.
Let's support the things that make this country great, like equality for all, particularly the really important people. Remember, M.E.R.I.T. is the root of the word "meritocracy," and it will go a long way toward ensuring great companies with leadership that's stronger than ever. That way, we can all sleep better.
Email us at CEORights@fool.com and join our crusade! We need your help to pass this valuable legislation.
Continue to our commentary on the next section of H.R. 401!