Bailouts and 18 million dollar per year exec salaries

[Priced_Out_IT_Guy_IHB]

I'm interested to know what you guys think about the crazy salaries executives of failed bank and lenders receive.



For example, if the tax payers bail out Fannie and Freddie, do we keep giving the CEO an 18 million dollar per year salary? What about the CEO of Indy Mac? Is there not a conflict of interest for tax payers to step in and bail out failed banking institutions when their corporate executives have been milking the corporation for years?



<a href="http://money.cnn.com/2008/07/18/news/newsmakers/freddie_syron.fortune/index.htm?postversion=2008071817">http://money.cnn.com/2008/07/18/news/newsmakers/freddie_syron.fortune/index.htm?postversion=2008071817</a>

 

[lawyerliz_IHB]

Yes.



Is there a problem with a one-word post?

 

[Keanu_IHB]

That's because these high level exec often have <a href="http://en.wikipedia.org/wiki/Golden_parachute">The Golden Parachute</a>.



It's sickening.