Contract Killing 2
Matt Browner Hamlin (emphasis added):
If you slurp at the public trough, expect public strings. Frankly, it’s about time (or even much too late) that these bozos realized our money kept them in country club memberships:
Kenneth Feinberg, the Treasury official leading the pay review, said average salaries for the top 25 executives would be cut 90 percent starting next month.
The action will apply to the top executives at Bank of America Corp., American International Group Inc., Citigroup Inc., General Motors Co., GMAC L.L.C., Chrysler L.L.C., and Chrysler Financial.
Aside: Am I the only person who finds the expression “take a haircut” to refer to taking a loss somewhere on a continuum between stupid and fatuous?
Hamlin link via Eschaton.
October 23, 2009 at 7:02 pm
Did you see the mention somewhere (I forget where) that the AIGFP division execs who said they would return their bonuses, haven’t?
No words for the cluster that the financial district is in.
October 24, 2009 at 7:32 am
Yes, I did.