Monday, September 22, 2008

A Price Must Be Paid - Three

To participate in the Wall Street Bailout, all senior management must have first returned all bonuses, including exercised or outstanding stock options, received during the previous twelve months. As long as the Government owns the assets purchased in the Bailout, no senior management may receive any stock options, bonuses, or severance payments.

If management is not willing to relinquish their bonuses, stock options, and golden parachutes then they are not in need of a government bailout.

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