Friday, February 6, 2009

Obama's stimulus package

So President Obama decided to put a $500k cap on the salaries of the executives of companies awarded bail outs. Obviously they didn't like that. The big companies are saying that it's a big responsability to manage such a huge company. I bet it is. I have a hard time managing my own financial life, nevermind an entire multi-billion dollar company. The fact is that some employees of that same huge company are getting the pink slip because they can no longer afford to keep them. If a $500k bonus is not enough, how about giving them some stock options? I think a large amount of stock options even. Billions. This way the actual worth of their stock option bonus would be proportioned to their job performance. If the company does good the stocks are worth a lot, otherwise the CEOs can still hold on to the half million dollars that President Obama work so hard to come up with.

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