3 March 2010
G 'N' R Bassist Duff McKagan steps on all things economic
This Week: As the Economy Rebounds, is Job Growth Next?
First off, I must applaud the House for passing the Financial Overhaul
Bill last week. We desperately need oversight and regulations in our
financial institutions if we hope to somewhat avoid the greed-filled
mistakes made on a large scale over the last 10 or so years. It’s a
legislative victory for the Obama Administration.
Another piece of responsible news is that Goldman Sachs will be
changing its 2009 executive compensation plan. Apparently, instead of
cash bonuses, Goldman execs will receive stock that cannot be sold for
at least five years. This makes a lot of sense. Long-term health of a
company will behoove everyone. Shareholders will now also have a vote
in the firm’s compensation of executive’s in 2010. Read the rest CLICK HERE
Via: Playboy