Reaction: Pay cuts expected for top executives
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Actually, the government signed a contract with these companies when they loaned the money and there were no stipulations about salary and bonuses. Should the government be able to change the contract months later with no agreement from the other parties? If the government can destroy contract law, does this not have disastrous consequences for all of us?
ShaunaDDye 2 years ago
It's about time. None of em' worth ten-cents anyway.
pig5689 2 years ago
If they got help from the government by having them "borrow" money from us there should be NO bonus' or compensation.. Where is our compensation for bailing them out? BOA decided to double and triple interest rates.
How quick they accept the money from the government yet how defensive they get for having government intervene. Cant have both.
The last guy says it all.
JusticePetitioner 2 years ago