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Come this Thursday, our "pay czar" will review hundreds of CEOs salaries that are basically owned by the government... will these CEOs continue to make more than the President of the United States? We shall see... how much Obama "really" means to fix Wall street.. or was it just talk...
Come this Thursday, our "pay czar" will review hundreds of CEOs salaries that are basically owned by the government... will these CEOs continue to make more than the President of the United States? We shall see... how much Obama "really" means to fix Wall street.. or was it just talk...
If they fire a bunch of CEO's, then we'll hear, "To much government intervention, they are going to waste our money and run the companies into the ground."
If they don't fire, or readjust a bunch of CEO's salaries, then we'll hear, "See, he lied, he is in the pocket of wall street".
How can any czar fire any of those execs ? If this is TARP then this is part of the bailout last year which had no restrictions to it..basically a "blank check" for those that took it to do whatever they wanted with it to bolster their bottom lines.
Hey if I were capable of making $2 billion for Citigroup. I would pull up stakes and head for Goldman or better yet Credit Suisse (A foreign shop out of reach of the pay master). maybe somebody on this forum could go to Citigroup and replace Hall. The public is acting irrationally and chasing rainmakers from US firms.
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