Friday, May 04, 2007

Government follows the Corporate World

Many companies pay their CEO and other executives exorbitantly with little regard for performance. The federal government is following suit, not in the amount of pay but in a total disregard for the executive's performance. The Veterans Administration just paid $3.8 million to its senior executives. Admittedly, that's less than what many corporate CEOs get. But the money the VA is paying out comes from us. Three-fourths of the senior VA executives got a bonus for last year. Some got a bonus of as much as 20% of their salary. Has the VA performed that well over the last year?

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