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Wednesday, February 4, 2009

Executive Compensation Limits

Companies taking bailout money now have limits of $500k/year for senior executives. Some argue that now they will not be able to attract talented executives. They forget that the current executives were getting paid a lot and they were terrible. I guess everyone skipped the class on risk management.

Not only do they want our money but they want to do whatever they want and not answer to the ones lending them this money. If you want to run your company your way then do not ask the taxpayer to bail you out. Go to your shareholders and ask for more money.

Congress do you now see what you have started. Take the money back and let a new set of entrepreneurs supply the demand that is left when these companies fold.

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