Pay Cuts

Well well well. The Obama administration is forcing massive pay cuts on some of the top executives in companies that received TARP funding. A lot of people seem happy about this, but the happiest are probably these companies’ competitors. What a great opportunity to poach some top talent and leave the government’s wards to stumble forward with a second or third string team at the top. What a great way to give a big advantage to foreign firms at the expense of American firms!

I doubt having second raters running the show bothers Team Obama – look how well that’s worked for them!


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: