OK, if he goes through with this then I'm really impressed. Add in retrospective recovery of any bonus won by a focus on short term gain at the expense of society as a whole and I will really believe the world has turned. I quote: [T]hat's exactly the kind of disregard of the costs and consequences of their actions that brought about this crisis: a culture of narrow self-interest and short-term gain at the expense of everything else
Comments (5)
Let’s hope he is as courageous on sharing intelligence on torture allegations – as his administration has an international duty to do
Posted by Tim | February 5, 2009 10:04 AM
Posted on February 5, 2009 10:04
the first time i heard this i thought he had lost his marbles, but then someone reminded me that those CEO's are government employees and he is in fact being extremely generous!
Posted by Jonathan Carter | February 5, 2009 10:14 AM
Posted on February 5, 2009 10:14
Backpeddle?
http://economicedge.blogspot.com/2009/02/obama-letting-bad-actors-off-hook.html
Posted by a | February 5, 2009 4:33 PM
Posted on February 5, 2009 16:33
What do they need $500,000 for, sorry to be pedantic or whatever it is I'm being - but how many lives could be improved with that money. I don't care about competitive environments, clearing up your own mess does not deserve compensation of any kind - ever.
Posted by Nicola Avery | February 5, 2009 10:03 PM
Posted on February 5, 2009 22:03
Whilst agreeing entirely with the ideas that caps should be agreed before any government bailouts, I am somewhat concerned about any retrospective legislation as undermining a higher principle
Posted by John M Haskey | March 2, 2009 12:16 PM
Posted on March 2, 2009 12:16