Statement: If there was enough discrimination at Texaco to merit a $176 million settlement with the employees, then there was enough discrimination to merit a commensurate payment to Texaco stockholders--not from corporate coffers, but from the personal assets of the corporate executives who bilked their investors by failing to hire the best bargains in the labor market.
Label: neutral.
Genre: slate.
The corporate executives at Texaco don't care about their stockholders, as evidenced by this settlement.