Amen to the anger about Wall Street exec salaries
September 23rd, 2008 at 10:03am Georgette Braun
Somebody better do something so the Wall Street Fat Cats don’t win big as they gingerly step out the door — the one that’s already hit us in the butt on our way out.
This MSNBC story paints a clear picture of the justified anger.
Because if somebody doesn’t do something, we’ll …, we’ll …, well, guess there’s not much we can do about it now, or is there?
Any ideas you think might work?
Entry Filed under: economy
2 Comments Add your own
1. Georgette Braun | September 24th, 2008 at 3:47 pm
Update: Holy Greenbacks. “Someone” listened:
Paulson OKs Cutting “Golden Parachutes”
Treasury Secretary Agrees To Bailout Sticking Point Involving Troubled Firms’ Executive Pay
http://www.cbsnews.com/stories/2008/09/24/business/main4474614.shtml
2. Georgette Braun | September 29th, 2008 at 10:05 am
Follow up: They’d better tighten the loopholes, dang it:
“The ways in which the government would try to limit compensation aren’t new — and haven’t always worked. In 1984, Congress tried to limit big severance packages by adding the excise tax to any payment that was more than 2.99 times an executive’s annual salary. Companies simply began adding a bonus payment for the amount of the extra taxes,” according to http://www.latimes.com/business/la-fi-execpay29-2008sep29,0,2589192.story
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