Eugene David
...The One-Minute Pundit

Thursday, April 02, 2009


Excellent news for Gekko Kudlow:

Last year, the New York Stock Exchange awarded its chief executive a $4 million “performance bonus” even though the parent company posted a $745 million net loss and its stock price tumbled by two-thirds.

However:

On Thursday, board members tried to sooth seething shareholders by pledging to better align pay with performance in the future. It didn’t work.

Shucks. They don't know capitalism.

[Link added]

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