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Tuesday, February 03, 2009

Still Getting the Pay?

Feds may limit execs' pay at banks that get aid
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There was a time when people who were tops in their company, did everything they could to weather bad times, including working for free, or as little as possible, sacrificing to keep the company alive so they could reap the future rewards.

POOF

Forget it. These days, top execs at our current big companies don't care because it doesn't matter to them if they run their company into the dirt, they've already reaped plenty. Shareholders be damned, the execs were authorized X salary and they're going to expect it until the company has gone kaput.

Yeah, that's right. FUCK THE BAILOUT. It sounded good at first... so do a lot of things that turn out to be disasters. But it has been apparent for weeks now that it's not enough, partly because the businesses in the spotlight continue with their evil ways. Responsible banks like Wells Fargo should be rewarded with money instead of throwing it away on the irresponsible banks. Let the responsible banks and companies occupy more of the market instead of continuing to let these losers be a parasite on the economy.

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