Quote:
Originally Posted by cologal
I can't help but find this thread odd. Don't get me wrong I believe that CEO and Wall Street compensation is totally out of line but that has been happening for years.
In a previous thread on this subject someone posted this in response:
http://www.naplesnews.com/news/2008/...s-its-ivan-an/
It really isn't about the TARP money nor Obama's salary czar. |
You completely missed the point. The point was (as reported on MSNBC last week), 3 of the largest financial institutions passed out MORE in bonus pay than revenue they generated as a result of business operations. That would be like me running a pizza shop with 100 thousand dollars of gross annual revenues and paying the pizza delivery people 150 thousand in annual bonuses... a feat that is only possible when the gov't pours taxpayers money into these institutions and they then give it away i obscene bonuses. The next tea party is gonna be scary. Tax increases for "the middle clas" have now appeared on the table. OUCH.