freddie mac
The weird thing about Freddie Mac's CEO's paycheck
It's not that the guy "earned" almost $20M for last year when his company lost half its value, or even that he stands to "earn" that much this year when his company is a millimeter or two away from crashing the entire home-mortgage market, or even that he undoubtedly played an active role in the very strategy that brought about this dismal performance. Nope, the weird thing is that, in our advanced society, Articulate Rich People can produce high-sounding rationalizations to justify this Pay-For-Failure and that lots of Poorer People will suck up those rationalizations. Amazing. Associated Press via MSNBC
It's not that the guy "earned" almost $20M for last year when his company lost half its value, or even that he stands to "earn" that much this year when his company is a millimeter or two away from crashing the entire home-mortgage market, or even that he undoubtedly played an active role in the very strategy that brought about this dismal performance. Nope, the weird thing is that, in our advanced society, Articulate Rich People can produce high-sounding rationalizations to justify this Pay-For-Failure and that lots of Poorer People will suck up those rationalizations. Amazing. Associated Press via MSNBC
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Category: Business