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Archive for the ‘corporate bonuses’ Category

>No More Corporate Golden Parachutes, Says Obama

>Now Obama wants to put a cap on retirements for corporate leaders. He calls them “Golden Parachutes”, and this is just one more step for this president toward fascism.

While Obama denounces corporate bonuses for banks and other companies that got bailouts. My view is that this is not his area of capability or authority. In America we believe companies should be free to pay the salaries they choose, and to pay for retirements and other bennies that their corporate boards vote for.

Look for more Obama forays into the provernce of business as he struggles to get hold of the ubiqutous financial problems. But his actions are like a team of timberjacks assigned to cut out the trees affected by disease and they take can’t control their axes and end up destroying the entire forest.