Friday Letters to the Editor

Daily BreezeJuly 18, 2008

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Summary


CEO salaries out of line

IndyMac's chief executive officer made $15.92million a year for running the bank into the ground.

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Extract


Friday Letters to the Editor

Now Republicans come to the rescue by making us pay for the losses of IndyMac.

I finally understand the Republican belief - privatizing of profits and socialization of losses.

How about this? Tie CEO compensation to profits. No profit, no huge salary. Even Europe ...

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