Originally Posted by NiceTom
I'd have more respect for these guys if they's actually proposed a realistic wage for themselves-say $500,000.
This $1 is just a wink, wink, nudge, nudge. Sure, $1-as long as we ignore that these guys are going to go right back to $10-$20 million when the attention wears off.
I hear you..but it is shareholders who will have to do what you intend for the longer term (executive compensation restrictions) and they do it at their own peril....most of these folks are likely "whatever the market will bear" types of folks....so for now...the market ain't bearing much salary for unsuccessful executives....
Symbolism matters in my opinion especially in matters of leadership in times of crisis...and beyond that, millions saved in executive compensation, if even for a short time,m IS still millions saved.