How would you react to a 90 per cent pay cut ?
leaders of the seven companies that received bailout cash from the US government, will have to cut their salaries.
Is this a big triumph for the little taxpayer in the midst of a downturn where unemployment rates are shooting up through the roof? Like this blogger suggests?
The financial community was stunned. I don’t think that’s healthy, and I don’t like it,” said Camden Fine, president of the Independent Community Bankers of America. “These are decisions for boards of directors to make, not the government. I think this is a very slippery slope.”
Is Mr Fine right by saying this isn’t a decision for the government to make?
Or is this what people want ? Is it fair? or is it an easy political hit for President Barack Obama?