New Precedent
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October 22, 2009 at 8:46 a.m.
elcid
Todays newscasters divulge administrations intent to reduce and limit compensation to principals of companies that accepted bail out help. Now that the taxpayers are virtual stockholders, imho it is acceptable to reign in ludicrous wages, w/ reservations, for it certainly sets up some dangerous precedents for the business community in the future, in the event that they too might be included. Perhaps these measures should be extended somewhat further, whereby in these perilous financial times, everyone on the federal dole (ex. congressmen, teachers, SEIU etc.) should also have their salaries and benefits reduced within the realm of sound fiscal policy and current taxes.
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