Home / World Business
Sat, Sep 27, 2008 - Page 10 News List

Public anger turns to CEO pay

GOLDEN PARACHUTE Amid growing public fury, Congress is working on a financial bailout package that would restrict pay to heads of failed enterprises

AFP , NEW YORK

One worker in the New York finance sector, who asked not to be named, said his colleagues were as angry as the general public.

“A lot of people are very upset that managers in their own companies and captains of industry in other areas made some really, really bad decisions,” he said.

“The most insulting thing is the golden parachutes where these jackals from Fannie and Freddie, having destroyed the company, walked away with millions .... It all comes down to greed,” he said.

This story has been viewed 1913 times.
TOP top