Reaction to the Obama administration’s expected salary cap of $500,000 for CEOs of corporations getting bailout money:
“That is pretty draconian — $500,000 is not a lot of money, particularly if there is no bonus,” said James F. Reda, founder and managing director of James F. Reda & Associates, a compensation consulting firm. “And you know these companies that are in trouble are not going to pay much of an annual dividend.”
Full story here.
Filed under
If your comment does not immediately appear, do not freak out and repost your message a dozen times. Please note that all new visitors must have their first comment approved by the editor, and you must provide a legitimate e-mail address and use the same username for the system to "remember" you. The editor maintains the right to refuse comments deemed inappropriate or unhelpful. Users who repeatedly delve into ad hominem attacks or other troll-like behavior will be banned.
Trackback (Right-click & 'Copy Link...') | Comments RSS
follow us on Twitter
follow us on Facebook
subscribe to our email
Kudos on accurate and appropriate use of references to the people of Sodom and Gomorrah.
—chillul Who? · February 4th, 2009 at 6:24 pm
These times of things I hope would actually be followed up on. There currently is a salary limit, but there are so many loop holes that you can get away with anything. It should be done in a way that there are no work arounds!
—Tuvia · February 4th, 2009 at 7:10 pm
Not completely accurate. Sodom was “what’s mine is mine and what’s yours is yours”, whereas these guys are “what’s mine is mine and what’s yours is mine” (i.e. rasha).
—BZ · February 4th, 2009 at 8:34 pm
Time to raise the top tax rate back to where it was before Ronald Reagan started selling out the American people.
—Reb Yudel · February 4th, 2009 at 9:18 pm