Will Geithner Fire Corporate America?
Tim Geithner said on Sunday's Face the Nation that the Treasury might fire the heads of big banks that depend on financing from the federal government, just as it summarily deposed Rick Wagoner, the former CEO of General Motors -- and before Wagoner, the heads of AIG, Fannie Mae, and Freddie Mac. "Where that requires a change in management and the board, then we will do that," said Geithner. Full Story »
Posted by Dwight Rousu
If these corporations that are too big to fail are split up, there will be lots of jobs for CEOs. They can survive until then hanging from their golden parachutes.