Buffalo Business Daily

A Bank of America CEO made the statement Wall Street executives are way too overpaid.?

He announced they need to cut back pay and compensation in that industry. What are your thoughts?

Public Comments

1. I agree. I don't agree because I think their pay should be cut so the companies can give more to underachievers with in the company ( wonder why that makes sense in the business climate but not in the Obama camp?) but I agree because these guys don't bring in the profits that warrant such ridiculous pay scales. I think the board of directors that approve these salaries should be dismissed as well.
2. I think there should be a long hard look, on the part of the government, concerning the salaries of these top executives. I think that the money these CEO's are getting should be used to raise the salaries of teachers. The more important your job is to society, the more you should get paid. Medical professionals, emergency responders, educators and soldiers should be making the most money in our society. Not corporate fat cats. If I am going to "spread the wealth" anywhere, that is where I am spreading it to.
3. That's up to individual boards. If I was a board member, I'd look at performance. If a CEO makes $40 million but increases the company's value by $400, then he's worth the money. But if he's decreasing company value, then the board needs to be looking for a new CEO, and if there isn't anyone with a proven track record, salary and benefits ought to be decreased.
4. Bank of America is a rip off corp. they are all crooks they lost one of my payroll checks and took 3 wks to find it the said oh sorry but I still had to pay all the fee's from the bounced checks that they caused. I have never in my life went to a company who works as hard as they do to tell you NO! because its your policy... screw BOA.
5. OK, who needed Billion$ from the government to bail them out? Banks and other Wall-street financial companies whose CEOs took home absolutely HUGE bonuses! In effect it amounts to Paulson paying off his buddies at the expense of the People who are losing their life's savings and pensions through the stock market's collapse, which was triggered by these greedy pigs' abuse of mortgage backed securities and other "derivatives". The subsequent hyperinflation that is now likely to follow will further impoverish the People. In my opinion they should all pay back their bonuses and it should be used as a fund to help people who are losing their homes because of these GREEDY F%@#&$G sociopathic idiots!!! Besides, what work did they actually do to deserve these millions? I bet few of them ever did an HONEST day's work for years - if ever. Sorry, but they make me sick! I hope this all comes back to bite them in the A*$!
6. He was both honest and right.Nevertheless corporate executive continue to be highly paid and have parties costing $ 150,000. This is obscene in the light of the fiscal crisis created by Bush and Wall Street The government should control the salaries of high corporate officials, regardless whether the take money from the bail out, or not