Just a thought. For any company that accepts bailout funds from the federal government, financial compensation for ALL employees – from the CEO to the janitor – shall be based on the civil service pay scale – retirement and benefits included. And shall remain at that level until every red cent plus interest of the taxpayers’ money is paid back. No bonuses, period. For anyone. All travel is by commercial airline – coach! – and the frequent flyer miles go into a pool to reduce travel expenses. Little get-togethers and spa-meetings – canceled.
Now, just in case you might be thinking that this austerity program is unfair and unreasonable, let me ask you one question: Was there anything that you would rather do with the $15,000 per person share of the bailout that YOUR family is contributing?
This makes sense. Good post.