The Egoistic Feast Goes On
In the News (from The Wall Street Journal): “White House Set to Appoint a Pay Czar” – The Obama administration plans to appoint a “Special Master for Compensation” to ensure that companies receiving federal bailout funds are abiding by executive-pay guidelines, according to people familiar with the matter. The administration is expected to name Kenneth Feinberg …to act as a pay czar for the Treasury Department.
My Comment: Firms’ executives continue to assign themselves payouts in billions of dollars. And they are right – who shows them a different example, since the government does the same! The egoistic feast goes on! Then – “after me the flood.”
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