Wednesday, February 10, 2010

Some are more equal

Obama, after a year of savaging business in general, and the banking industry in particular, has decided that he doesn't "begrudge" bonuses for "savvy" bankers.
President Barack Obama said he doesn’t “begrudge” the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay.

The president, speaking in an interview, said in response to a question that while $17 million is “an extraordinary amount of money” for Main Street, “there are some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well.”

“I know both those guys; they are very savvy businessmen,” Obama said in the interview yesterday in the Oval Office with Bloomberg BusinessWeek, which will appear on newsstands Friday. “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free- market system.”

Change !!!

1 comment:

  1. In the new regime the Great Leader will be consulted on all forms of compensation. He will be reviewing attorney salaries in the near future. Get your campaign contributions in as soon as possible.


    Compliant Liberal

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