[quote=afx114]Ahhh, but if it’s a firefighter or policeman who’s due for the big fat bonus or pension.. NOPE! As you argued above, how else do you expect to attract the “top talent” in firefighting and police work if you’re not hooking them up with fat pensions?
And shouldn’t firefighters and police be compensated more for the risk they are taking in their jobs just as you have argued above for the executive?
Everything you’ve argued in favor of with regards to the executive also apply to firefighters and policemen, but I have a feeling that you don’t approve of them getting their fat pensions.
Executive with big fat taxpayer-funded payout = GOOD
Firefighter/Police with big fat taxpayer-funded payout = BAD[/quote]
Did I ever say that police and fire were overpaid? I don’t think I did, did I? I never had a problem with fire/police comps, frankly.
I think there are people who are overpaid (former UAW), but that’s a different story. My definition of being overpaid is “relative” to comparable position elsewhere. Government asking auto companies to cut benefits pay…Yes it will piss of entitled folks, but those benefits even cut will be on par with every other existing auto company, so there wouldn’t be a mass exodus to another employer. Cutting banking comps only works in as far as if it was unilaterally cut across all banks. Unfortunately, that won’t work if some banks are under tarp and others aren’t. This is simple management 101. In a tough economy, companies can and will squeeze applicable to the industry as permitted.
