Comments on: Executives Have Their Pay Cut; How Do I Feel?

By: Mitch

Mitch — Mon, 26 Oct 2009 15:28:33 +0000

Tim, I agree with you on this one. The “talent” that’s there certainly isn’t helping them turn things around any. In your opinion, what are the top 3 things they and Citigroup are doing wrong?

By: Mitch

Mitch — Mon, 26 Oct 2009 15:27:07 +0000

Hi Tim,

I just went in and changed a setting, then did a test and I received an email. I hope it works from this point on. Thanks.

By: Tim Manni

Tim Manni — Mon, 26 Oct 2009 15:19:53 +0000

FYI: Your subscription by email feed isn’t working. This is the second time I’ve tried to sign up. I love Top Finance and could stay much more up to speed if I could get it in my email.

Thanks!

By: Tim Manni

Tim Manni — Mon, 26 Oct 2009 15:17:30 +0000

Hey Mitch,

Good points all around here. I’ll start off by saying that I am too relieved that the pay cuts were limited to the top tier positions. There are thousands of hard working Americans at these companies that had no part in their firms losing and thus recouping (thanks to a bailout) billions of dollars.

Secondly, “One of the Bank of America executives said that cutting these salaries could result in talent leaving these companies for greener pastures…”: perhaps BofA, and others, could benefit from an exodus of old talent. Out with the old, in with the new as they say.

Nice post,
Tim