Originally Posted by
Devils Horse
There should be some new requirements to be eligible for a government bailout loan.
1. Before a company receives a dime the entire senior management team takes a 60% cut in pay.
2. The CEO takes an 80% cut in pay, and forfeits any bonuses or golden parachutes until the loan is paid back in full.
3. Long as money is owed to the taxpayers, The CEO will forfeit 95% of his or her pay, and senior management 80% of theirs before the company is allowed to lay off a single employee.
They're going to give our danged money away, they should make the terms fair.
Feel free to forward this on to Mitch McConnell if you agree. I would, but I'm out of time.