I just cannot but applaud U.S. President Obama for his move in capping pay of top executives who are federal aid.
"For top executives to award themselves these kinds of compensation packages in the midst of this economic crisis is not only in bad taste it's a bad strategy and I will not tolerate it as President. We're going to be demanding some restraint in exchange for federal aid so that when firms seek new federal dollars, we won't find them up to the same old tricks. Top executives at firms receiving extraordinary help from US taxpayers will have their compensation capped at USD 500,000 a fraction of the salaries that have been reported recently."
Obama announces compensation caps for top executives [via]
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Get accurate and real-time bus arrival information for public bus operators in Singapore, including SBS Transit, SMRT Buses, Go-Ahead Singap...
-
According to the Firefox developer team, Firefox 3 will be launched on 17th June 2008. From the Firefox Developer blog, they are attempting ...
-
Google url shortener service, goo.gl , is now much improved with newly included features like easier copy and paste, and ability to delete e...
-
*********** Try to sleep now, close your eyes Soon the birds would stop singing Twinkling stars, are shining bright They'll be watch...
-
I would like to apologize that sigining of my guestbook is not possible at the moment due to an unexpected bug. There is already 74 entries ...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.