Thursday, December 10, 2009

OK, Jeff, Show Us the Money

Jeff Immelt, CEO of General Electric (We Brought Rent-Seeking to Life!) is reported to have said that Big Biz guys are 'selfish' for taking big money.

Alright, Jeff. We'll be happy to take a look at GE's 10-K and notice that you've cut your salary to $500K and limited your bonus to 10% of salary, max.

And no options. And a GE standard health-plan. And no sloppy-wet pension plan enhancements.

Oh yah. That company car? Make it a Focus.

1 comment:

J. Strupp said...

...and tell me what Jeffery plans on doing if the government declares GE Capital a bank and they have to pony up $40 billion to cover reserves.