Lesson for CEO’s if you don’t want to be attacked by Obama for your Multi-Million Dollar bonuses, be a big Obama supporter and donor! Obama spends much of his time attacking those “Evil Wall Street Bonuses”, but yesterday he defended the bonuses of his buddies! From the article:
….According to the transcript provided by the White House, the reporter asked Obama, “Let’s talk bonuses for a minute: Lloyd Blankfein, $9 million; Jamie Dimon, $17 million. Now, granted, those were in stock and less than what some had expected. But are those numbers OK?”
Obama replied: “Well, look, first of all, I know both those guys. They’re very savvy businessmen. And I, like most of the American people, don’t begrudge people success or wealth. That’s part of the free market system. I do think that the compensation packages that we’ve seen over the last decade at least have not matched up always to performance. I think that shareholders oftentimes have not had any significant say in the pay structures for CEOs.”…
So when it’s an Obama buddy and donor…he is a free market Capitalist? ARE YOU KIDDING ME?
http://www.twincities.com/news/ci_14376987?source=rss&nclick_check=1
