The Congressional bail out of Wall Street attempts to limit golden parachutes for senior officers; especially for those that are walking away from impaired or bankrupt companies. The political optics are good. Lots of little people are suffering so we should make sure the big guys take some pain also. Most compensation specialists are scoffing at the present legislation saying it will not effect or affect anything. They speak from a backroom technical perspective. Watch for the next bankruptcy or financial difficulty. If the CEO and other senior officers get golden parachutes the i[...]
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[Source: The Money Blogs]
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