I certainly hope the guvmint doesn't allow these payments, it's about time to stop the policy of rewarding CEO's for performance, and even more for poor performance.
Showing posts with label freddi mac. Show all posts
Showing posts with label freddi mac. Show all posts
Tuesday, September 9, 2008
Incompetence Pays
The NY Times recently reported that the heads of Fannie Mae and Freddie Mac stand to take home up to $14M in severence pay after running both companies into the ground.
I certainly hope the guvmint doesn't allow these payments, it's about time to stop the policy of rewarding CEO's for performance, and even more for poor performance.
I certainly hope the guvmint doesn't allow these payments, it's about time to stop the policy of rewarding CEO's for performance, and even more for poor performance.
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