CEOs cut pensions, pad their own - MSN Money: "another benefit to top executives: By cutting pensions, they make their companies more profitable, thus boosting their own bonuses. 'It is unseemly for executives to reap higher bonuses on that basis,'"
hmmm - the free-market is generally a good thing, but this seems broken somehow.
I can't imagine a law that would make sense & be effective - I think the stockholders need to dump a few Boards or Directors & demand some changes - However -
"But because big shareholders are not about to complain about a CEO making a company more profitable, these practices aren't likely to change anytime soon."
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