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| Tweet looks like catnip for red caps. Can POTUS just make an edict, determining what salaries are paid and he alone determines what is "too much"? Seems a little arbitrary to me, in this country anyway... Those salaries aren't previously negotiated contracts that courts will be forced to uphold?? It's not even that I don't think a lot of CEO salaries are ridiculous, I just think that tweet is nonsense and will get tossed out in court in about 3 seconds. He also mentioned suspending dividends and share repurchases. I mean those are board level capital allocation decisions. Whether they are the right decisions or not I don't really think is any of his business. Or anyone but the shareholders and the board for that matter... Anyhow, as the world turns... Stay tuned | |
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