Do you trust executives?

I’ve been thinking about executive salaries among other things.  A few years ago, I read an interesting article on the start of the Great Depression; the author noted that wealth had never been so concentrated in so few hands as it was just before the start.

Today I read “In Bailout Furor, Wall Street Pay Becomes a Target” in the New York Times. The reason I favor limiting pay for ALL executives in organizations bailed out by US taxpayers, is that I don’t trust them.  They took a huge load of unknown (well, now we know it was bad) risk to pad their back pockets.  What’s to stop them from taking taxpayer money and padding their pockets again?

Let’s face it – FIs (Financial Institutions) are already researching ways to make a profit from the proposed bailout; do you trust the man behind that curtain?


There are no revisions for this post.

Leave a Reply