I also find it humorous that the bankers thought nobody understood their explanations of why their CEO’s must make a gazillion dollars a year. We heard the explanation and we understood what was being said but many of us aren’t buying it. If everyone lowers the wages for CEO’s where else are they going to go? What they should be doing is cleaning toilets for $6.50 an hour and then maybe they would get how the rest of the world lives.
I have zero sympathy for the CEO’s who ran their businesses into the ground and took the rest of the economy with them.
The bankers struggled to make themselves clear to the president of the United States.
Arrayed around a long mahogany table in the White House state dining room last week, the CEOs of the most powerful financial institutions in the world offered several explanations for paying high salaries to their employees — and, by extension, to themselves.
“These are complicated companies,” one CEO said. Offered another: “We’re competing for talent on an international market.”
But President Barack Obama wasn’t in a mood to hear them out. He stopped the conversation and offered a blunt reminder of the public’s reaction to such explanations. “Be careful how you make those statements, gentlemen. The public isn’t buying that.”
“My administration,” the president added, “is the only thing between you and the pitchforks.”
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