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September 22, 2008

McCain: Only Failed CEOs Who Work For Me Should Get Golden Parachutes

Posted in: 2008 Election, Corporate cons, Economics, John Edwards

McSame, campaigning in Scranton this morning, said:

"We cannot have taxpayers footing the bill for bloated golden parachutes like we see in the Lehman Bros. bankruptcy, where the top executives are asking for $2.5 billion in bonuses after they ran the company into the ground."

No, we cannot. Except of course when those top executives work for John McSame.

Earlier in the day McCain was asked if Carly Fiorina, one of McCain’s top economic advisors, is an example of the problem. Fiorina was fired as CEO of Hewlett-Packard in 2005 but left with an estimated $45-million severance package while some 20,000 employees were laid off.

"I don’t think so," McCain said on NBC’s Today. "I think she did a good job as CEO in many respects."

So predictable.

(video via HuffPo)


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