Immoral Executives

It is now very obvious that many of the American top CEO has little morals and consideration for the people below them. They created subprime crisis, and brought whole world into a unprecedented recession. While the companies were in severe trouble, they were still spending billions in bonus and benefits on themselves. When the money run dry, they cried for government bailout. With the new taxpayers' money, the mega-bonus continue.

AIG spent on lavish parties in St Regis, Ford and GM came in private jets, and were slammed. Somehow, the remainding CEO dont learnt their lessons, and continue to buy private jets like Citibank, Merrill Lynch on a US$1.2M office, even more lavish parties, and more million dollar bonus.

How to justify these high pay? They said you need to pay to retain talent. Talent? What talents? These immoral morons just brought the whole world into a recession!

Now, Obama ruled that companies on bailout will have a salary limit of US$500k for their staffs. Hmmm, looking at how most CEO have put their personal interest before company's or country's interest, what would they do? A CEO with a $50M salary will probably siphon a dying company dry, and then let it died, rather than opt for government bailout and get "punished" with a severe paycut.