During a press conference held earlier today President Obama and Treasury Secretary Geithner announced that " they are going to be demanding so restraint in exchange for federal aid"
President Obama stated: "This is America. We don't disparage wealth and we don't begrudge anybody for achieving success. We certainly believe that success should be rewarded. But what gets people upset, and rightfully so, are executives being reward for failure. Especially when those rewards are subsidized by US taxpayers many of whom are having a tough time themselves."
And the choir said, AMEN!!!
Wednesday, February 4, 2009
President Obama Announces Executive Compensation Limits
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