What if CEOs of public companies only got paid in stock? And when they retire, they can cash it all in. Sure would be an incentive to run a company responsibly, right? And if there’s stock manipulation and mismanagement a la Enron, they have to give it all back.
Okay, the stock thing is naive. But if we are going to nationalize the entire financial system, shouldn’t a CEO’s pay be the same as a government official’s? The president gets $400,000 a year. True, he also gets room and board. So make that $450,000. And he has a jet and a helicopter. $475,000, but that’s my final offer!
Anyone else have a disconcerting moment when they found themselves agreeing with Newt Gingrich on the bailout?
Did you get the American e-mail yet? I think my response could be described best as, “laughed hollowly.”
Hey, I know! “What would Warren Buffett do?!” Why didn’t Henry Paulson think of investing in Goldman? Instead, we got the companies with all the bad debt. I’m not sure that’s value investing.
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