Sunday, February 22, 2009

After Losses, a Move to Reclaim Executive's Pay

After Losses, a Move to Reclaim Executive's Pay

This article basically talked about how seven major corporations were in the crisis stage along with the country, but still managed to give their executives a lot of money. If I were the government I would want the money back to. One person, who probably didn't deserve that much money over a four year time period got it, and so many people are unemployed, laid off, going bankrupt (people as well as businesses), and so on. A fair amount of money would have been reasonable, but the amount that these guys received was ridiculous. In the article Mr. O'Neal ran Merril for 6 years and received $157.7 million. That is more that $26 million a year. I really wish I had his job.

This is kind of a good example of the representative democracy, but is it for the right reason. I think the guys that started this investigation was only because of their egos and maybe the fact that they don't get this much.

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