OBAMA TO CUT EXECUTIVES PAY BY 90%
This is complete insanity! I just reread the Constitution. I must have skipped over the part where it says the President and his administration has the authority to decide what pay the executives of corporations are entitled to.
"Under the plan, which will be announced in the next few days by the Treasury Department, the seven companies that received the most assistance will have to cut the annual salaries of their 25 best-paid executives by an average of about 90 percent from last year. Their total compensation — including bonuses and retirement contributions — will drop, on average, by about 50 percent."
What the hell is going on in this country? Does no one care?
