Weeding-OUT Corporate Scam-Artists!!

[Mr. Shaman]

"While some firms have argued that Feinberg's actions put them at risk of losing top talent to competitors, Feinberg said Tuesday that his initial moves to slash top executives' pay had not resulted in an exodus from the bailed-out firms. He cited the fact that more than 80 percent of the executives whose pay he ruled on in October were still with their companies in early 2010.

Feinberg insisted Tuesday that beyond the cash salary cuts, his rulings "reaffirm" broader principles about compensation set forth during his initial decisions last fall, which sought to create financial incentives for executives to work for the long-term stability of their companies.

For instance, Feinberg has ruled that a majority of compensation paid in $tock must be held over longer periods of time and cannot be ca$hed out in the short term. Pay incentive$ to executives also must be tied to objective performance measureshttp://www.washingtonpost.com/wp-dy.../03/23/AR2010032303994.html?hpid=sec-business, he said."

Whew....(actually) earning their pay??????



Is corporate-America READY for such revolutionary-change??????

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