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With the public outcry over fat-cat executives getting paid millions of dollars for running their companies into the ground, it is now official. Any company expecting a bailout will have to cap the salaries at $500,000/year, and stop those bonuses.
But for every law, there is a boulevard around it.
Citigroup has decided to give out "retention awards," rather than bonuses. Another example of Newspeak, as George Orwell would call it. The use of euphemisms in America boggles the mind. Change the term, but keep all the old corrupt practices. I wonder which Public Relations company thought up "retention awards" to replace the old term, "Bonus"??
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090125/REG/301259981/1009/TOC
An Executive's phone conversation was taped and revealed to the public. See "Your Bonuses Are Safe". This video is only a few minutes long:
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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