Executive payday, page 1
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Topic started on 22-1-2009 @ 12:54 PM by Oreyeon

Executive payday


news.yahoo.com


* Geithner urges action Play Video Video: Geithner urges action Reuters
* Bush: It is good to be home Play Video Video: Bush: It is good to be home AP

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U.S. President Barack Obama (L) and former president George W. Bush are seen Reuters – U.S. President Barack Obama (L) and former president George W. Bush are seen during the inauguration …

For the millions of jobless in America, the best that many can hope for are a few weeks of severance pay and a shrinking pool of state unemployment benefits.

In light of the nation's current economic gloom, AP has learned that President Obama is freezing some White House salaries. About 100 aides who earn more than $100,000 will have their pay frozen:

In a statement, Obama said "families are tightening their belts, and so should Washington."

But one guy is making a killing after losing his job: the most recent former president, George W. Bush. Granted, before he came into office, Bush already had a comfortable fortune in the bank. The L.A. Times reported that Bush made "just over $1.6 million in 1999," according to tax returns released by his then-presidential campaign.
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