So, of course, they must be punished. Whereas last year they received bonuses totaling $168-million, this year they will only receive $100-million. That will teach them.
But wait a minute! They're still getting $100-million for screwing up? Can't help it, says Obama's "pay czar" Kenneth Feinberg, the contracts were drawn up years ago and "we've got to abide by the law." Well, OK, the law's the law, but that doesn't quite explain how any employer would be stupid enough to sign contracts that hand its executives massive bonuses even if they trash the company. Aren't bonuses supposed to be for doing something especially good? But these guys are getting bonuses for doing something especially bad. Capitalism is so entertaining.
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