The Federal Bailout…Limiting CEO’s Compensation vs. Termination
As many of us I have had a wide range of emotions ranging from let’s do this ASAP to allowing the chips to fall where they may. As with all life choices we will never have the chance to go back through the portals of time to evaluate what the best course of action should have been. I do not believe in looking back but only forward, However:
I believe that limiting the CEO’s compensation is a mistake. Their compensation should not be limited. The CEO’s should be terminated. It is because of their excessive greed that the decisions of a few are now impacting the lives of many and to that end they should not be rewarded in any way. Those CEO’s, if not terminated, should resign immediately and let more judicious and wise business leaders take over.
As business owners we will unfortunately not receive a federal bailout and it is to this end that those offending CEO’s who created the crisis should not be rewarded. This is not intended to be harsh nor judgmental but the old saying still rings true. “Trick me once, shame on you; trick me twice, shame on me.” I do not want to be tricked twice and the Federal Bailout should be amended to require all participating companies to replace their leadership with new accountable and honorable members of society.
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