I blogged about this earlier when I noted that the auto manufacturers were shunning bankruptcy because of the executive compensation issue.
Now, it seems my prediction was true.
Chrysler, a company in danger of dying, has turned down federal loans to keep itself afloat because of...(drum roll please) EXECUTIVE COMPENSATION.
Sometimes the greed of a few can kill the livelihood of thousands.
Too bad.
1 comment:
Never let it be said that I proposed to stifle anyone's free speech.
I would like to suggest that we try to keep it short. for the sake of reading ease.
Thanks
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