I have heard the rumor, and I hope that it is a rumor, that some banks will not sign up for the bail-out program if they are forced to get rid of golden parachutes.
THIS MAKES ME ANGRY!
This bail-out law had better have some teeth to it. Meaning...we are not giving you a choice. We will buy your bad debt, you will turn over your bad loans to the government and you will get rid of your golden parachutes. We will give you no choice. We will cancel your passport and prosecute you if you refuse.
Why do certain people think that they need to be rewarded for letting their company go down the toilet. The employees of these firms who get laid off are going to struggle until they can get another job. The CEOs of these companies need to suffer the same fate that their employees will. Unemployment ruins your psyche and your credit. It takes years to recover.
If you leave your company a better place than you find it. If your employees are better off because you were there. If your employees feel that they were treated fairly by you. If your customers are happier. If you investors have profited. If your company has secured its niche for the long-term. If all this happens, then we will make you rich. If all of this happens no one will care about the millions you have sent to your bank account in Bern. Otherwise, no and hell no! We deserve better.
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