John V A Holmes: Executive compensation
Breckenridge, CO Colorado
We have seen a parade of financial sector executives saying their compensation should not be limited by the government because if they don’t get paid what they are worth they will find jobs elsewhere. Bull. After many years of abusing their stockholders through outrageous executive compensation packages approved by boards stacked with their friends, they have gotten a distorted view of their value. I say they have robbed us blind. I don’t see any reason why they should be asked to stay on in the first place. Why give them a chance to cover up their wrongdoing? But if they are asked to stay, I think they should look at limited compensation for a few years with a broader lens, taking all their years of being over-compensated into account. If they don’t like that idea, they should clean out their desks and seek their fortunes elsewhere! There are plenty of qualified executives who would jump at the chance to do their jobs.
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