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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (50071)	8/2/2013 4:24:02 PM
From: TimF	Read Replies (1) \| Respond to of 85487

If exogenous factors justify the CEO getting paid an obscene amount of money when things "go wrong", What justifies it is the initial contract that the company signed with him. Not what happened after that. why go after workers' pensions that were contracted in good faith? Sane company? I don't think so. If it is, let me know the details. For companies that go bankrupt their obligations have different levels of security or seniority. Pensions aren't at the bottom, but they also aren't at the top. If this CEO really had driven the company to the ground, and it had gone bankrupt (rather then being profitable to this day), then he might be stripped of his future payments (or at least part of them) just as might happen to lower level employees.