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With that reasoning there is no need to pay these people excessive payments of millions. Since they are not culpable for bad choices (they were not keeping watc
by nextw33k 13y ago
With that reasoning there is no need to pay these people excessive payments of millions. Since they are not culpable for bad choices (they were not keeping watch), how can they take credit for the good things?
These people in my view were negligent at their jobs. They chose a career which contained an inherent level of responsibility to society which they didn't live up to. The justice people are seeking is social justice, not perhaps prison time but more repayment of their ill gotten bonuses.
- derefr 13y agoThe US economy is built on the principle that people get to enjoy the gains of productive ventures, but suffer none of the losses of failures. Imagine that these executives had been working instead as executive consultants, each with their own company contracted to the firm they managed. In failure, those one-man consultancies would get your huge and "just" debts piled onto them--and then simply file for bankruptcy. This would not take back any of the salary or bonuses that those consultancies had already paid out.