Sunday, January 24, 2010

Another quality economic adviser

Charles E. Phillips, a prominent Silicon Valley executive with ties to the Obama administration, has acknowledged an extramarital affair after a series of giant billboards showed him snuggling his former mistress. . .

The co-president of software-maker Oracle Corp. and a member of President Obama's Economic Recovery Advisory Board was forced to admit the extramarital affair after his former lover exposed their fling in a very public way, plastering romantic pictures of the two of them on giant billboards in three major cities: New York, Atlanta and San Francisco. . .

Phillips joined Redwood Shores-based Oracle in 2003. Last year, he made more than $19.3 million from Oracle, one of the world's largest software companies with a market capitalization of more than $120 billion, according to an SEC filing.

Ignore the hypocrisy of the affair, and don't ask why all these Obama economic advisers are cheating on their wives.

Ask why Obama's economic adviser made $19.3 million last year. I thought the Obama team opposed excessive executive compensation.

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