Wednesday, October 21, 2009

Cutting executive salaries

According to the Wall Street Journal:

The U.S. pay czar will cut in half the average compensation for 175 employees at firms receiving large sums of government aid, with the vast majority of salaries coming in under $500,000, according to people familiar with the government's plans.

As expected, the biggest cut will be to salaries, which will drop by 90% on average.
I have a better idea. How about if we cut by 90% the salaries of those who voted for the bailouts in the first place!

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