02/01/07: Bush to CEOs: Earn your salary

Posted by: convenor


How odd that a man who failed find oil in Texas and had to be bailed out by his daddy's overrich buddies should think to lecture corporate CEOs about being overpaid, when in a just world, he would be at a job asking whether you want fries with that:

http://www.nytimes.com/2007/02/01/business/01bush.html

Bush Tells Wall St. to Rethink Pay Practices

By JIM RUTENBERG
Published: February 1, 2007
President Bush yesterday called on corporate boards to hold their chief executives more accountable by tying their pay to performance — a new message from a president who is closely allied to the business community.

Addressing business leaders on Wall Street, Mr. Bush said “the salaries and bonuses of C.E.O.s should be based on their success at improving their companies and bringing value to their shareholders.”

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Remarks apparently delivered without a trace of irony from Mr. Sub-Freezing Approval Ratings. Tell me that one again about Republicans and their fealty to the Great and Holy Free Market? It's allus a good un.


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