The Obama administration on Wednesday appointed a compensation czar who will have broad discretion to set the pay for 175 top executives at seven of the nation’s largest companies, which received hundreds of billions of dollars in federal assistance to survive. Full Story »
Posted by The Intelligence Report Media Group
It gives some of the points that are missed or glossed over in most reports on the compensation restrictions and limitation and the lack accountability. It does not remind us of the fact that this was all approved under the previous administration and previous congress,
If these executives were worth the money and were so good, why did they have to go hat in hand to George Bush for a bailout. They raped the American and world public, they raped their stockholders, spread their disease throughout the world economy and now are complaining that in the future they will be required to wear a condom.
The journalism is ok..but fails to point out several facts that actually lead to the money being taken by some of the banks mentioned...In articles just last week pointed out that Henry Paulson forces several banks to take money even though they did not need it..under the threat of more regulations...
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