Pay cuts could drive out talent from bailed out too big to fails

Written by Aspartame Boy

Thursday, 12 November 2009

image for Pay cuts could drive out talent from bailed out too big to fails
This executive packed his bags and headed to a new, healthy corporation. This could be expensive.

WASHINGTON, DC - The Czar of incompetent executive over-compensation, according to my source, Heinze Kissinger, said pay cuts may drive executive talent away from companies bailed out by U.S. taxpayers.

According to Heinze, golden handcuffs should be used to keep these executives within the corporations where they are too big to fail, but never too big to bail.

The concern is, if these executives are not paid enough, they could quit and join healthy corporations, showing them how to almost fail, and then require even more bailout money from taxpayers.

"It's cheaper to pay these weasels off so they stay put. If we let them move around, they may spread the cancer, or at least that is what they are thinking at Czar headquarters", concluded Heinze.

The story above is a satire or parody. It is entirely fictitious.

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