Violate your fiduciary responsibility to your shareholders or we will cut your pay.
When will the shareholder lawsuits against the TARP banks start? Maybe they haven’t started because they realize it is pointless. That Obama will just force the shareholders to drop the lawsuit, for fear of their tax rates going up to 90% if they don’t.
The criteria for who sat down at the Chrysler negotiating table were never set out as “TARP recipients here, non-TARP out of the room”- but the distinction was crystal clear to the people outside of the room who were blamed for the collapse in negotiations and the TARP recipients in the room who wouldn’t dare cross the government when there are pay limitations literally on the negotiating table in the next room at the Treasury.
via The Spoils Of The Armed And Spoiled | finem respice.
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