The (Pay) Master Has Spoken

Pay czar Kenneth Feinberg ordered pay cuts for executives whose companies received Wall Street bailouts from the government. Who is this man that wields so much power with the government backing him up?

When you ask the government loan shark for a bailout it eventually has to be paid back. Such is the case for corporations that needed some scratch to keep them from going under. Highly compensated executives should take some solace in knowing that there will be no broken kneecaps but they have been given notice, it’s time to pay up.

Corporations will think twice before making a deal with the devil and become an indentured servant to the government. Thinking back, maybe they’ll agree that bankruptcy wasn’t such a bad idea after all.

Maybe a lesson for all of us. When you enter into a bargain with the Obama administration it will be an offer you can’t refuse and one that you will pay back.

Is that “The Godfather” theme song playing in the background?