Flutterby™! : Further evidence of theft

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Further evidence of theft

2008-09-22 16:06:32.367601+00 by Dan Lyke 1 comments

W00t! Here's a doozy from a Wall Street Journal article on the Wall Street giveaway:

Mr. Paulson is resisting efforts to limit the pay of executives whose firms participate in the program and plans to fight it "hard," according to a person familiar with the matter. He fears that provision would render the program moot, since many firms might choose not to participate.

You mean if rewards are tied to performance then those involved might actually choose to fix things rather than suck off the welfare nipple? Gosh!

[ related topics: Politics moron Economics ]

comments in ascending chronological order (reverse):

#Comment Re: made: 2008-09-22 17:28:36.409789+00 by: m

One would also have to suspect that if the firms were not willing to limit executive pay, they really have no need of being bailed out.