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So apparently US executives make far more money compared to their global counterparts when you compare their salary to their production workers (although there's been some debate as to the accuracy of some of these reports). They receive raises even if their company's stock drops, but production workers are often laid off and/or outsourced as cost saving measures.
I think any corporation that requests bailouts should significantly cut their executive pay. I'm not going to offer any specific amount because I think it needs to be done on a case by case basis, but EVERYONE needs to make sacrifices these days. If those executives leave (I'd like to see where they'd go) I'm sure we can find others to take their place. I think a bit of poetic justice would be to hire executives from other countries, to whom even the reduced salaries would still be a raise. This is, after all, the land of opportunity.
I think any corporation that requests bailouts should significantly cut their executive pay. I'm not going to offer any specific amount because I think it needs to be done on a case by case basis, but EVERYONE needs to make sacrifices these days. If those executives leave (I'd like to see where they'd go) I'm sure we can find others to take their place. I think a bit of poetic justice would be to hire executives from other countries, to whom even the reduced salaries would still be a raise. This is, after all, the land of opportunity.