We’re still letting money hemorrhage
Usually when you pay your CEO huge bucks, its because he/she (let’s be honest, its almost always a he, so no need to be politically correct here), brings in the bacon. They get paid millions, because the asset, the corporation, increases in value for shareholders. You get paid, therefore, to produce.
Why, then, have bank CEO’s been paid bonuses and salaries and stock options worth 1.6 billion in 2007? In 2008, they’re all bankrupt and need bailouts. That’s not ‘bringing in the bacon’, that’s fraud.
I totally agree. This maddens me to no end and think it’s fraud too. Unfortunately I don’t see Congress and the rest of DC being any help here as they appear to be part of the problem with the way they are giving our tax money away.