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Golden parachutes

I’ve been interested to hear about the provisions of the big bailout that the USA is giving to the big banks that have been having so much trouble recently.  What has interested me the most was the provisions capping executive salaries and golden parachutes.  For decades now I have felt that the salary of all top executives of all big corporations (and their golden parachutes) have been obscenely outrageously high.

I know the “argument” is that the companies need to pay their top executives that much money to attract and keep them running the companies, and all I have to say about that is “hogwash.”  That comment is an insult to the American consumer’s intelligence.  Their high salaries are sim[ply outrageous, period.

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