So you are getting the same statement from the special master that you are getting from the companies, and the special master makes the decision on information they get from the companies, the very companies the taxpayers are bailing out.
Isaac Jordan
The Public Record
Well, that is great to hear, that you are going to consider them in the future. I mean, it has been five years, repeated requests to do things different, and we have the same old thing.
I was telling the staff the other day, when I first looked at it, my background coaching, working with student athletes...
Here is a company in bankruptcy, 74 percent owned by the American taxpayers, and just because the board of directors at the company says, you know what, even though we are in bankruptcy, we think our CEO needs to make half a million…
do you think that should be approved when we are trying to look at the best interest of the taxpayers
they approved a pretty good compensation package for the CEO of ResCap just last year.
So, to cut to the chase, the special master allowed pay increases to take place with a company 74 percent owned by the taxpayers on the verge of bankruptcy.
The trend has been like this, when the President said no one, no one should be receiving a compensation package above half a million dollars; and the trend is exactly the opposite direction.





