Not surprising really, given that these companies chose to take TAXPAYER money to help them out. But then I see this quote:
Mr. Reda -- I have to say first off that $500,000 is A LOT OF MONEY. It's not just upper middle class or middle-class income (especially since these folks are dealing with being laid off, so they've probably dropped an income level or two) -- this is what I'd like to call "RICH MOTHERFUCKER" money. If your salary could pay for my house two times over, with cash to spare, you're a RICH MOTHERFUCKER.
“That is pretty draconian — $500,000 is not a lot of money, particularly if there is no bonus,” said James F. Reda, founder and managing director of James F. Reda & Associates, a compensation consulting firm. “And you know these companies that are in trouble are not going to pay much of an annual dividend.”
Mr. Reda said only a handful of big companies pay chief executives and other senior executives $500,000 or less in total compensation. He said such limits would make it hard for the companies to recruit and keep executives, most of whom could earn more money at other firms.“It would be really tough to get people to staff” companies that are forced to impose these limits, he said. “I don’t think this will work.”
Secondly. no one put a gun to these executives heads to come crying to Congress begging for bailouts. They should not be surprised that strings are attached to this cash. Hell, when I go into the bank for a loan, there's strings attached (such has having enough liquidity to show we could cover part of the loan, having a job, etc.).
These companies (several of which are also doing just fine and not in trouble, unlike the big boys), are borrowing from THE AMERICAN PEOPLE. And the American people are having a hard time covering their basic bills thanks to both rising costs for basics and getting laid off. To say that the General Motors CEO should still earn $14.4 million while everyone else is hurting pisses everyone off.
This is the ultimate example of greed and a lack of touch with reality. It screams "I got mine so fuck you." And that attitude isn't going to endear any of these executives to anyone. And like it or not, once you take the money from the government -- which is ultimately from US -- you will answer to us. And right now, we're pissed about the multi-millions executives are earning while we are freaking out about whether or not we'll have a job at the end of the month.
Most of the time I'm a pretty peaceful person. But damn, if there was ever a time for the underclass to rise up and slay the rich, shit like this would be the trigger point.