|
just as I am willing to help all the irresponsible people who purchased a home, or two, that they could not afford. Because when they fall, it cascades across the economy - full flush, not "trickle down."
But these should be under strict conditions:
Cancel any golden parachute for any executive. Cancel all the bonuses. Even if, especially if, they bring the company back to solvency. Their "reward" should be the actions themselves and a nice paragraph in their resumes.
Cut their salaries to the bones. Enough with those multi million dollars compensations, win or lose. OK, $850K? And if they cannot afford their multi million dollars Manhattan penthouse, or a summer home in Aspen - they can sell them, to bargain hunters.
And, if and when the companies are back on their feet, they should reimburse us for at least a certain percentage of our investment in them.
Oh, and dismiss their boards of directors. Let a federal appointee run them. Call this nationalization, communism, I don't care. We who foot the bills call the shots.
|