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**disappointment2** · 12-04-2009, 07:21 PM

If something is working it's not because of Obama...

Errr....I never said it was.

I'm happy BAC is up despite share dilution, there will be dilution. Still, it'll be nice to see the next CEO of that company getting the compensation we all know he deserves [/sarcasm]. Though, really, I'm on the fence concerning executive compensation.

Why sarcasm? The next CEO of BAC will not bear any responsibility for its current position if they go external (which I'm assuming they will)

The very fact that BAC is scraping the coffers bare in order to repay TARP and get out from under "executive" compensation restrictions (the word is being thrown around very loosely, as most of the employees impacted are not executives) should tell you how important it is to the company to be able to pay people what it thinks they're worth.

Nobody wanted to take charge of a shithole company where they weren't even allowed to hire talent because Congress was looking over its shoulder constantly. BAC was getting torn alive by headhunters.

12-04-2009, 07:21 PM	#3
disappointment2 Join Date Oct 2005 Posts 475 Senior Member	If something is working it's not because of Obama... Errr....I never said it was. I'm happy BAC is up despite share dilution, there will be dilution. Still, it'll be nice to see the next CEO of that company getting the compensation we all know he deserves [/sarcasm]. Though, really, I'm on the fence concerning executive compensation. Why sarcasm? The next CEO of BAC will not bear any responsibility for its current position if they go external (which I'm assuming they will) The very fact that BAC is scraping the coffers bare in order to repay TARP and get out from under "executive" compensation restrictions (the word is being thrown around very loosely, as most of the employees impacted are not executives) should tell you how important it is to the company to be able to pay people what it thinks they're worth. Nobody wanted to take charge of a shithole company where they weren't even allowed to hire talent because Congress was looking over its shoulder constantly. BAC was getting torn alive by headhunters.
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