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Monday, September 29, 2008

Limiting Executives Pay

Update: Executive pay will be limited in the future. That's one good thing. What's not good is this: CNN states, "But the executives' current contracts, which may include golden parachutes, would still stand".

What's wrong with our congress-people? It's the CURRENT contracts which reward executives for bankrupting their company that's the problem. Sure - it's good to limit issues in the future, but if the taxpayers are supposed to pony up billions NOW - then let's limit compensation NOW.

Sheesh! It's time to vote lots of people out of congress and vote some in that will spend our money in a financially responsible way. This is ridiculous.

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