That’s between the CEOs and the board. If you can take away a CEO’s bonuses and pension because they are ‘too big’ you have to be just as willing to do the same to blue-collar worker.
I don’t agree with Obama as far as telling them what kind of bonus to get, but I do agree with the bonus should be given for positive results. Certainly FREEPERS should at least agree with me on that. Get paid for producing is a conservative value. If these guys receive 100 million dollar bonus for failure would just say to them that next year don’t do anything and you get another 100 million anyway.
I wish I had a nickel for every FR post complaining about athletes salaries.
"United Airlines, which is operating in bankruptcy protection, received court permission yesterday to terminate its four employee pension plans, setting off the largest pension default in the three decades that the government has guaranteed pensions."
http://www.nytimes.com/2005/05/11/business/11air.html?pagewanted=print