Oct 21, 2009 10:37pm
Bailed-Out Execs Face 90 Percent Pay Cuts
EmailExecutives at the seven taxpayer-bailed out companies receiving exception assistance will have their salaries slashed, per the Pay Czar.
Our World News report:
- jpt
Executives at the seven taxpayer-bailed out companies receiving exception assistance will have their salaries slashed, per the Pay Czar.
Our World News report:
- jpt
Obama: 'Now Is the Time For Common Sense Action' 
Romney Takes Aim at Conservatives
Who thinks they’ll stay in those jobs? They can make a bundle elsewhere, and they will. And they’ll be replaced by third-level talent who can’t do any better anywhere else.
This really isn’t rocket science. Really.
Posted by: Fasicist Hyena | October 21, 2009, 10:53 pm 10:53 pm
Who thinks they’ll stay in those jobs? They can make a bundle elsewhere, and they will.
Fasicist Hyena | Oct 21, 2009 10:53:10 PM
Sure thing – the market for banking execs who’ve bankrupted their companies to the point of needing bail outs is just teeming with openings right now…
Posted by: jhw539 | October 21, 2009, 11:02 pm 11:02 pm
Look at their salaries and bonuses last year.
Even with sloppy financial practices they shouldn’t have to work at all.
Posted by: oonogil | October 21, 2009, 11:37 pm 11:37 pm
History has shown us that corruption cannot be stopped.
Posted by: young_voter | October 21, 2009, 11:49 pm 11:49 pm
It seems the right move, monumental failure should not be rewarded with astronomical bonuses and salaries paid out of the taxpayer’s pocket.
Posted by: julieterra | October 22, 2009, 12:46 am 12:46 am
ahhhh, the right wing, complain about the policy to try to remedy the situation, then complain about a solution…… all while offering nothing and taking the side of the people who caused the problem.
no small wonder why Republicans are now only 20% of the electorate and growing smaller by the day…… does a cult still classify as a political party? we will find out soon as republicans and the fringe right war among them sleves and continue to alienate everyone they can…
as the Pres so presciently noted:
‘they take pride in their own ignorance’
Posted by: Oh Yeah | October 22, 2009, 1:10 am 1:10 am
Congress needs a 90% pay cut and Obama’s Czar’s need a 100% pay cut.
Frank, Dodd & Rangel need prison for what they helped do to the banks & the economy as a whole out of personal greed.
Posted by: A. Lincoln | October 22, 2009, 7:11 am 7:11 am
Did i miss something in the constitution CZAR where does he she or it get such great power, When it was russian czars they had all that power but isnt this still free america or did i miss something in the last election.
Posted by: earl | October 22, 2009, 7:24 am 7:24 am
Hey, what a great way to chase away the best management talent to non-bailout companies. That way these firms might never recover and pay off their bailout money.
Good thinking, Obama.
Posted by: Pay Czar | October 22, 2009, 8:26 am 8:26 am
Yes, earl, you missed something. The Stupid Ones took charge.
Posted by: tanarg | October 22, 2009, 8:50 am 8:50 am
no small wonder why Republicans are now only 20% of the electorate and growing smaller by the day…… does a cult still classify as a political party? we will find out soon as republicans and the fringe right war among them sleves and continue to alienate everyone they can…
Posted by: Oh Yeah | Oct 22, 2009 1:10:55 AM
A cult. LOL!!! I like that. A new Pew Research survey shows “the share of independents in the electorate is the highest in 70 years (36 percent), while the share of voters who call themselves Republicans is the lowest in 30 years (23 percent, compared to 35 percent for Democrats).”
Posted by: Alyson | October 22, 2009, 10:11 am 10:11 am
“A cult. LOL!!! I like that. A new Pew Research survey shows “the share of independents in the electorate is the highest in 70 years (36 percent), while the share of voters who call themselves Republicans is the lowest in 30 years (23 percent, compared to 35 percent for Democrats).”
Alyson I think the talk of GOP civil war and a possible party split are overblown but I was curious as to your thoughts.
Posted by: Ryan C | October 22, 2009, 12:55 pm 12:55 pm
What about Freddie or Fannie, do they get a paycut or just an increase in their bonuses???????
Posted by: Lizzie | October 22, 2009, 2:00 pm 2:00 pm
The executives from those seven taxpayer-bailed out companies should work without compensation in return for the disgraceful job they have done.
They should not be allowed to quit; nor should they be fired.
Where is the justice in our country? It is not OK for them to walk away fat and happy.
AND, for those that were not top execs that work for these companies and are looking to receive bonus these checks at our expense, I suggest that the institution offer them a bonus, and when they accept they should it fire them as well for their unethical conduct.
Has justice has been surpassed by greed in our America.
Where is the justice in our society?
Posted by: ET | October 23, 2009, 11:22 pm 11:22 pm