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Monday, July 27, 2009

Citi's $100 Million Man

Not that I care, but CNBC subjected its viewers to three different segments in regards to Citi not paying one of its energy traders. Well, the argument seems to be because the government has a percentage stake in Citi and taxpayer money should not used to pay bonuses. Of course I disagree with this thinking. Shareholders large or small do not make compensation decisions. Even Warren Buffet cannot tell GE who should or should not receive bonuses. Also, this is a contractual obligation. Contract law must not be undermined by anyone other than the parties involved. Let the man get his millions, he earned it.

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