2/05/2009

An end to treasury raiding

Obama is furious at the irresponsibility shown by the corporate big wigs in Wall Street and the American corporate world. Despite so many of them being bailed out by the taxpayers, they are still splurging on themselves and paying themselves crazy. Obama is going to put a stop to all the money madness in America. He is going to put a cap on the CEO's salary at US$500K per annum for those corporations receiving govt aid. This madness of salary without a cap is running to a wall. It has been going on for too long. How could it be allowed to continue for so long? An employee with an open ended income that can literally shoot to the moon? Only the greedy could not see anything wrong with it. There must be a cap to all salaries and all incentive schemes to stamp the abuses and corruption in different guises.

1 comment:

Matilah_Singapura said...

Obama is going to put a stop to all the money madness in America. <

Yeah right. He'd be better off trying to stop the wind from blowing, or convincing Paris Hilton to become a nun.

America was BORN out of 'money madness'. They kicked out the English because their colonial rulers were taking too much American money.