Wednesday, October 21, 2009

Top Execs Won't Get Paid

Looks like the people who almost brought down our country aren't getting paid for it this time around. Reading the Times, the Obama admin has finally gotten tough with the companies who were bailed out with tax payer money.

"Responding to the growing furor over the paychecks of executives at companies that received billions of dollars in federal bailouts, the Obama administration will order the companies that received the most aid to deeply slash the compensation to their highest paid executives, an official involved in the decision said on Wednesday."

I was listening to Fresh Air yesterday and an author was saying how these execs consider themselves survivors for surviving their own screw ups. I am glad these guys are not getting their obscene bonuses that us tax payers were paying for. This is great news for Obama.