October 06, 2009
Atlas Is Shrugging
WASHINGTON -- The Obama administration's pay czar is planning to clamp down on compensation at firms receiving large sums of government aid by cutting annual cash salaries for many of the top employees under his authority, according to people familiar with the matter.
Atlas shrugged at Bank of America:
The issue could be particularly acute for Bank of America, which is searching for a successor to Kenneth Lewis, who announced plans to resign as chief executive of the company last week.
Would YOU want to be CEO of Bank of America now? Me neither.
I hate to sound cynical, okay, no I don't, but unless we turn this ship around, there will be no such thing as achievement recognized in this country unless it's wholly subsidized by government.
By Comrade Vinnieovich, Political Officer at October 6, 2009 12:35 AM | | l digg this
