Congress has been doing this for years….
What about Corporate CEOs (and other Suits) who pay themselves obscenely high bonuses — usually after firing less-well-paid employees?
At least when that “Gov’t Official” gives pay raises, he’s probably helping one or more families (of the government employees that are getting those raises) to pay their mortgage, pay for their kid’s education, pay for their dental and health care, pay for their food, buy various consumer goods, etc. (all of which, believe it or not, will contribute to helping to pull us out of this slump!) Whereas all that that CEO bonus money will do is languish in some off-shore bank account, doing NOTHING to help the Economy.
So, given a choice as to whether to pay some Corporate Suit or several government employees; I’ll pick paying those government employees EVERY. TIME.
California university system made cuts in classes while giving two, just two, university Chancellors minor pay raises, still not “bright”. However, corporate CEO’s have routinely not only given themselves (they control those “boards”) when the companies are LOSING money, but even after the companies have been bankrupted and sold, THEY take BONUSES!! Now THAT is bone headed on the part of “regulators”.
Those CSU pay raises weren’t minor.
How about giving rich people huge bonuses in the form of tax breaks during two wars? That and the Part D bankrupted our country. When will the rich make up for it? Never, suckers!
Boston Properties CEO Mort Zuckerman =23% raise in 2011, total comp of nearly 10mil. Bos Prop President Doug Linde=40% raise. Not bad for being in an “economic slump”.
In FL we do things in a big way. Pat Bean, a local hired administrator gave herself a 1% raise. The county commission fired her, then found out they had to pay her hundreds of thousands of dollars anyway. They should have read the contract first.