http://michaelcoogan.com selfexpression + indulgence + disclosure Fri, 05 Mar 2010 20:02:41 +0000 http://wordpress.org/?v=2.9 en hourly 1 http://michaelcoogan.com/bail-on-the-bailouts http://michaelcoogan.com/bail-on-the-bailouts#comments Mon, 22 Dec 2008 06:56:03 +0000 michael http://michaelcoogan.com/?p=33 What’s the deal? I can’t believe we just throw money at companies and their leadership when they have flat out proven they “suck” at their job. A recent article I read says that 1.6 BILLION yeah, that’s what I said 1.6 BILLION went to the executives of bailed out banks. What a joke! We’ve made bad deals, bad investments, bad decisions, but give us more money so we’ll be motivated to do better. I am so fed up with this mentality. Why don’t we just pay them a fairly normal salary like 500,000 or something that most of us could only dream of and the rest based on Results, there’s a concept. Some of these folks make well over 30 mil a year with all their perks. It’s a joke. We need to be paying them less not more and if they perform and the company performs and makes money give them some incentives. How can you bonus someone when you lost millions upon millions of dollars? I don’t get it. In my honest opinion if you are an executive in a company asking for a taxpayer handout… STEP ASIDE.

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