The recent outcry over executive bonuses stems from the financial meltdown of AIG and bonuses recently paid out to executives. It served as a convenient scapegoat for Congress to suddenly pose as champions of the people and opponants of greed, and all the other nonsense that is used by Congress and by proponants of government meddling in the economy to justify such meddling. But the realities involved make the outcry absurd. The recent bonuses had been agreed to nearly a year before the recent outcry, and lost in the outcry is that most of those receiving bonuses were NOT invovled in bankr...
More..Michael Daly
Member since: September 2007
Articles Written: 36