// Most companies don’t buy jets and yachts // True, but it is also hyperbole to say the government is terminally wasteful. Most departments of the government

// Most companies don’t buy jets and yachts // True, but it is also hyperbole to say the government is terminally wasteful. Most departments of the government are very efficient. Social Security, for example, has an administrative overhead of 0.5%. That compares very favorably to any of the funds in my 401k. // Shareholders voted and approved this compensation package, twice. // Just because shareholders voted for it doesn't' mean it's not a big fat waste of money. While we're on the subject, how about Musk paying 2x the real value of Twitter? // ure there are some packages that are irresponsible but usually there’s a good reason they are what they are, // And again, most of what is pilloried as "government waste" usually has a good reason too. To suggest otherwise is hyperbole. // simply don’t understand hiring for those kinds of roles chuckle let me tell you a story about the time I made $25 million in one all-nighter :-) I was working in Manhattan, for a very well-known financial firm. One day I noticed that one of our regulatory filings was going to be late. I told my boss and he said not to worry about it. So I escalated it to his boss--who also told me not to worry about it. I figured that I could regenerate the report and submit it on time, but only if I worked all night. So I did. I was just finishing up at about 8:30am, when the president came to my desk and said "THANKYOU so much for submitting that report!" I thought great--I finally caught the attention of the execs. He came around again at 5:00pm and thanked me again. I thought wow, I'm in. The next day they fired him :-) Turns out, he had a $25 million golden parachute--and one of the conditions was that there were no late regulatory filings....so I worked all night, and he got $25 million. But wait!!! There's more!! in 24 hours, I had gone from the president's favorite--to being the guy who just cost the company $25 million. You can't really fire somebody for obeying the law, but you sure can gaslight the shirt out of them. I eventually had to quit, and I'm still looking for a job. Don't tell me in those condescending tones that I don't know what those bonuses are for. And again, if you think the private sector is some uniformly wonderful example of efficiency you are the one who is out of touch with what goes on in the C-suite.