It's not much, but it's nice to see AIG's CEO cutting his salary to $1 this year. Sure he'll make money in other ways, but at this point even the smallest gesture is nice.
Tuesday, November 25, 2008
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Thoughts From the Middle on Politics, Faith, Culture, and Everything Else
Posted by Sean at 1:34 PM
1 comment:
I thought it was a sign of the times when Congress tried to get the CEOs of the Auto companies to take a $1 salary, and the answer was "We think we're properly compensated, thank you." The power of this symbolic gesture - as when Steve Jobs took it at Apple - is hard to underestimate. If a CEO is unwilling to sacrifice him/herself, why should the taxpayers sacrifice for her/him?
Another sign why we need to let at least one auto company fail.
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