The New Capitalism

This is the way Adam Smith's invisible hand works these days.  The executives give themselves huge pay raises, spend the company's income on stock buybacks, run the company onto the rocks, declare bankruptcy,  and unemploy hundreds of workers.  Not too long ago an executive whose company "failed" was disgraced.  Today it is just an amusing story to tell in the Cricket Club bar.

http://www.dailykos.com/story/2012/04/05/1081003/-Yikes-Twinkie-maker-execs-gave-themselves-huge-raises-then-went-bankrupt