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The Watercooler
Bailout effects
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<blockquote data-quote="Stella Johnson" data-source="post: 198870" data-attributes="member: 9"><p>Yes, the CEO was from WAMU. Ridiculous.</p><p> That is another thing that bothers me about this bailout. It states that the executive pay will have to be "reasonable". Obviously that is up for debate. There should be NO golden umbrella. </p><p>They should get what everyone else gets for severence which is an average of about 6 wks pay. Period. They ran their company into the ground and the economy. You shouldn't get rewarded for that.</p><p>Current CEO's should have their pay based strictly on the profitibility of the company. But that's my opinion.</p><p> </p><p>Steph</p></blockquote><p></p>
[QUOTE="Stella Johnson, post: 198870, member: 9"] Yes, the CEO was from WAMU. Ridiculous. That is another thing that bothers me about this bailout. It states that the executive pay will have to be "reasonable". Obviously that is up for debate. There should be NO golden umbrella. They should get what everyone else gets for severence which is an average of about 6 wks pay. Period. They ran their company into the ground and the economy. You shouldn't get rewarded for that. Current CEO's should have their pay based strictly on the profitibility of the company. But that's my opinion. Steph [/QUOTE]
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