Any company that gets taxpayers rescue funds needs to somehow fit into an acceptable box.
Salaries and bonus pay is going to be reset right along with pps of lots of companies, and I do think the BOD will remember this last 18 months for a long time, BUT they will get out of whack again, and the market will reset yet again.
Greed drives all, and I too am shocked at the size of some of the Golden parachutes that we saw, it goes to show the huge wealth some companies have, and we see waste in the wake.
"1 percent of the employees receive 95% of the bonus", huge incentive to climb the corporate ladder, it 's how we tick(slightly shameful).
GS, I trade it, and I'm building a core, BUT GS fate is yet unknown.
Big bonus pay this year in C and GS would not be good(even though many salaries are almost like a base pay, and tips(loose term), you can't just remove them).
The Auto makers CEO's, they are loose cannons, and very brash, let them fold along with the UAW, no bailout for them would make me smile, they had their time in the sun, and they failed, I hope all that made the big $$ saved and invested wisely.
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