Web-based Comment of The Day

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In regards to this ThinkProgress post on President Obama's $500,000 cap for CEOs who "borrow" government money (aka TARP, aka bailout):

HAH! I posted the same thing last night, only I concluded that the stock options couldn’t be cashed until the government had been repaid with interest.

-- "spencer's mom"


Damn right. I'm thinking at least 15% interest. And if the payments are late, the interest is jacked up to 25%.

Comments

daveawayfromhome said…
Personally, I think that all bonus should be delayed for at least three years. Put them in some sort of escrow account and let them sit in order to determine whether or not the bonus is based on actual progress or just paper progress. Apply this rule to all management bonuses; do not apply this rule to production people, who get bonuses (if they are lucky) for actual, clearly defined, and generally unfudgable, labor.
This might not eliminate the fly-by-night nature of many of the recent "performance" bonuses, but it'll make it harder to do the paperwork to get them.
8:45 PM
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