Just saw a press release that the companies who got the seven largest handouts will be required to cut the top 25 executive's compensation by about 90% and all executives will be cut an average of 50%. AIG people will be capped at $200K.
How will they get by...
Mike and Stumpy in Michigan
The report I saw stated that they will get stock in lieu of money. They will be required to hold on to the stock for a long time. The reasoning being that if they have to hold on to the stock they will make better business decisions to protect their company for the long term, rather the business model that has been recently used.
?
A lot of people are really angry and fed up. My store is in Olympia, the Washington State capitol. As with most government enclaves, Olympia is a haven for a big government mind set: "We are the government and we are here to help."
Lately, virtually everyone that comes into my store is angry with current government and policies. Even state employees! I make a good cup of coffee so people tend to linger and talk. Just a few years ago I could stereotype a lot of customers. The knee-jerk Republican, the knee-jerk Democrat, the society saver, the anti this, the pro that. Now everyone is on the same page. They are ALL fed up at the Federal, State, and local level.
The question is how it will play out come election time. We'll see.