05 February 2009

Come the revolution...

...one Mr. James F. Reda must surely be high on the list. Mr. Reda is an "executive pay consultant" and his reaction to the pay cap mooted by President Obama for those starving fat cats running taxpayer financed banks in the US is the following:

“That is pretty draconian — $500,000 is not a lot of money, particularly if there is no bonus”

Well if Mr. Reda smokes I will be happy to provide him with a last cigarette.

And if you think $500,000 per annum is "draconian" he ought to have a look at the pay packet of American living in the real world; assuming said American is getting a pay packet at all anymore.

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