Edwards: Corporate greed is destroying this country

[Ban Hammer 13,360]

Executive compensation needs to be re-attached to company performance. If a company is run so poorly that it needs to seek bancruptcy protection, the execs of such company ought not to receive a dime worth a bonus. Period. Executive parachutes and retirement packages belong just as much - if not more so - on the chopping block as rank-and-file wages and benefits when companies hit hard times. After all, the top brass defends their huge comp packages with the burden of running these companies. They need to take real responsibility for their performance. It's just that simple.

[Peikko 1,575]

Ha, a subject that VJ members can all agree on

[Donna A 4]

Executive compensation needs to be re-attached to company performance. If a company is run so poorly that it needs to seek bancruptcy protection, the execs of such company ought not to receive a dime worth a bonus. Period. Executive parachutes and retirement packages belong just as much - if not more so - on the chopping block as rank-and-file wages and benefits when companies hit hard times. After all, the top brass defends their huge comp packages with the burden of running these companies. They need to take real responsibility for their performance. It's just that simple.

this is the truth but this is not reality.

not one management person,upper middle or lower management have taken one cent of a cut to date. the only ones yes us little people at the bottom took the complete hit for it all. if everyone in that company starting from the top just took a 2% decrease it wouldnt have hurt anyone. not one person would have had to change their lifestyle they were living at all. i just thank God my husband is working or i would loose my house and everything i worked for. they did give us some buydown money to help cushion the blow but in my opinion i would rather have my 14/hr back. i still cant figure out how a bankrupt company can give big bonus to execs and buy down money to us. just doesnt make sence.