As are you.
I'm sure you'll be shocked to learn I have no problem with Obama's little announcement; a business having received a government bailout should regard itself as having been co-opted by government auspices, and so, much less guided by capitalist dogma.
Socialist businesses should pay even executives a socialist wage.
This is not to say I hope these businesses fail; I do not.
I am perhaps more appalled than even you at the "golden parachutes" enjoyed by failed executives; it offends my capitalist tendencies to see poor efforts/results rewarded at all, much less so handsomely, and further, by means of what amounts to a guaranteed contract.
On the other hand, I would like to see a system by which an utterly failed executive is severed/fired with no compensation whatsoever.
I am sure you would argue that last is unfair to the executive, who is at bottom just another worker.
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