1) Makes any skilled executive flee to other companies, leaving the struggling ones with incompetent leadership.
2) Undercuts tax revenues from the most heavily taxed group in a time when the government greatly increases spending.
Dumb. Dumb. Dumb.
Obama: "Weh weh weh I don't like rich executives because their labor is worth more than the common man's weh weh weh unfair income distribution weh weh weh"
In some way it is good, because these companies are accepting federal bailout money. However, the illusion is that all these companies ASKED for it. Banking institutions like BB&T didn't ask for this money, and John Allison has been vocal on how this is not any kind of long term solution. Too bad he is no longer running the bank, but the government takeover did happen under his watch.
500k$/year is obscenely good compensation for any american, especially one whose company fucks up under his/her watch. these cocksuckers should be blowing congress for letting them keep their jobs
DEATHPIGGIE wrote:500K is upper middle class in NYC.
I'm not sure if you are trying to say that, "500K is [only] upper middle class in NYC," or, "500K is upper middle class in NYC, and therefore is a good salary."
