I have to side with Big Fred on this one. Not that I agree with the bonus, but a contract is a contract. If the CEO was a true leader, he would not accept the bonus in light of the current economic mess. How much worse could it have been without him in charge? I don't know, but it will be $10 million worse if he takes his bonus. He's out of touch with reality.
Leading by example is going to be very important in solving this mess. It won't sell to the general public, (and we are footing the bill on these bailouts) if the leaders at these financial firms don't tighten their belts, take pay cuts and trim the fat from the top down and use the bailout funds wisely.
Years ago one of my clients ran a very sucessful business grossing in the lower $100 millions in sales. He said he should put his some of his production workers in the accounting department because those guys could support a family of 4 on $25,000 a year and have some money left over. His accounting people were always running out of money, living paycheck to paycheck while making over $100,000 per year.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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