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Time to hold execs accountable.

Publication: Mississippi Business Journal
Publication Date: 23-FEB-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Time to hold execs accountable.(Perspective)

Article Excerpt
I read last week that during the market crisis that began in 1929, there was a call for the pay for CEO's of top companies to be limited to $15,000.00 per year. Sound familiar? Except for the enormous difference in the dollar amount, it seems to be deja vu all over again. I am appalled, as are most Americans I think, with the incredible lack of judgment used by some of these top executives. From AIG forging ahead with a big party weekend in Vegas just after receiving government funds to stay afloat, to the top three executives in the Big Three Auto Club spending somewhere around $100,000 to fly, each in their own jet, to Washington to ask for bailout money instead of driving their own cars, to financial institutions who continue to give huge bonuses to executives...

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