Quote:
Originally Posted by preciousjeni
AGDee, thanks for posting! I'm really impressed with what they're doing.
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I can appreciate what they're doing and definitely think it's a step in the right direction, but two things bother me:
1 - Much of this appears to be post hoc (especially after the PR backlash), which makes me wonder if the mentality of crowds is overriding the 'correct' decisions
2 - If this bailout were such a great idea/investment for the US Government, why aren't banks lining up to offer it?
Quote:
Originally Posted by epchick
Yeah they'll sell their jets but what about their salaries? So they get paid $1 for the next year, they still have millions. How about giving some of their money back to companies.
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This seems really . . . severe. Regardless of how poorly the guys did their jobs (and there's plenty of evidence they sucked), they earned the money, and that sort of "refund" from the past is a rounding error in the grand scheme of things. This really should be about moving forward, and if the companies are profitable, then the CEOs can justify their salaries again (most of whom had been successful elsewhere prior). The CEO salary issue is a talking point for the public, but it's simply a minor factor in the grand scheme of things.
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