22 Oct 2009
U.S. cuts pay at bailed out firms, BofA hits back

Chutzpah has a new acronym: BofA.

"People want to work here, but they want to be paid fairly," said BofA spokesman Scott Silvestri.

In 2008 the CEO of Bank of America earned stole $9,857,723. This after the bank received some $45 billion of taxpayer dollars. This is fair? I'm appalled. The next time somebody calls one of these execs thieves in for an interview, I hope it starts with "You have the right to remain silent..."

If the "talent" at the banks that created this mess has to flee, let's hope it's from a lynch mob.

Reuters - The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country's largest bank which claimed the cuts could send talent fleeing.

(link) [Yahoo! News: Top Stories]

22:05 /Politics | 0 comments | permanent link