Wednesday, October 21, 2009

Compensation at Bailed Out Companies

The Obama administration will be releasing its plan to slash the compensation for the highest-paid employees at companies bailed out by the American taxpayer. The devil of course is in the details but it sounds good. I do wonder if the administration is providing corporate executives with a loophole since they did not foreclose approval f $25,000 + worth of perks.

Don't feel sorry about Kenneth D. Lewis at Bank of America. Though he is being forced into early retirement, Mr. Lewis still gets a $53 million pension.

1 comment:

Dr Doc dlcs said...

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Dr Doc dlcs
http://fox-news-magazine.blogspot.com/