Thursday, September 28, 2006

Nebraska Senate Race : Does Ricketts' Business Record Matter?

I'm asking, not telling.

* * * * *

I've heard talk that it's not fair for the Ben Nelson campaign or the Democratic Party to harp about layoffs and other hard knocks experienced by Ameritrade employees while Pete Ricketts was in senior management. Government operates different than business. How Ameritrade managed its employees and resources in the 1990s has nothing to do with border security or the Iraq war or confirming appointments to the supreme court. The market place required painful cuts throughout American business in the 1990s, the argument goes, so it's not fair to single out Ricketts and hold him responsible for actions dictated by forces beyond any one person's control.

The flipside is that Ricketts has presented himself as a businessman rather than a politician, which puts his business record in play. If he's going to thump his chest say that he'll apply business principles to government, the argument goes, then he has to acknowledge that he received big bonuses while people under him lost their jobs.

What do you think?

2 comments:

Anonymous said...

Chip -
Nelson's point is to highlight that while Ameritrade was hemorrhaging jobs and profits, Ricketts was reaping bonuses.

the Ricketts camp says they bonuses and layoffs are not related. that must mean that there is twosets of books at Ameritrade - the regular guy books show losses and produce pink slips and the executive guy books show a great future and produce executive bonuses.
Ricketts said he went line by line in the Ameritrade budget and made "tough choices" - one of those choices was to award himself a bonus. and fire others.

Anonymous said...

Chip -
Nelson's point is to highlight that while Ameritrade was hemorrhaging jobs and profits, Ricketts was reaping bonuses.

the Ricketts camp says they bonuses and layoffs are not related. that must mean that there is twosets of books at Ameritrade - the regular guy books show losses and produce pink slips and the executive guy books show a great future and produce executive bonuses.
Ricketts said he went line by line in the Ameritrade budget and made "tough choices" - one of those choices was to award himself a bonus. and fire others.