Posted by
Daddy-WallBucks on Monday, December 08, 2008 3:54:19 PM
$1 compensation package is just reward! It is right to condemn the CEO's of our failed enterprises for blatantly poor decisions and taking on too much risk; as well as boards and shareholders, for rewarding them with exorbitant compensation. However, let's also ask our congressional leadership to look in the mirror. Congress and government is in many ways responsible for our current run on the treasury and the dilution of our national and personal wealth.
The president (both of them) and congressional leadership should set the example by forgoing all but $1/day in compensation until "mission accomplished". Congress should work for $1/day so that we can easily count their days present at work and provide them incentive for better performance. Of course this compensation will be donated "after tax" to the charity of their choice!
It's time to replace partisan rhetoric with cold hard fiscal accountability. It's time for leadership from the top to the trenches!