Greedy executives
Tuesday, 30 Sep 2008 11:28:06 EST | rox@littlerox.com (Pumice)
I think you hit it right on the head with your comments, Phyllite. Someone got us into this economic mess, and those people should get us out of it or we should find someone that can. What galls me almost as much is the golden parachutes that some of these executives are getting as part of their "severance packages" from the banks that are at the heart of the financial crisis. While thousands of people are being laid off and losing their homes, Stanley O'Neal of Merrill Lynch got $66 million, Ken Thompson of Wachovia got $5 million, Charles Price of Citigroup got $16 million - and now the execs from AIG, Fannie Mae, Fannie Mac, Lehman Bros, etc are asking for huge amounts also. Why greedy executives should be rewarded for the mess that they've created, I don't know. If they had any character at all, they would walk away and count their blessings that there are no further personal repercussions for the damage they've done. These are character issues and a part of our mission - to bring peace, hope and security to the world through character development. What's happening to our economy certainly isn't helping that. Just my view.
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