BANKERS BONUSES

Kudos to the Canadian bank CEO’s who are giving back their multi-million dollar bonuses for 2008 leaving them with only their million dollar plus base salary. This lends a lot of credibility to Canadian Banking executives who also are not looking for taxpayer funded bailouts.

Unlike their American counterparts who have made sure they received more compensation than they can responsibly spend in any given year. Although even the American executives are facing a cut in compensation packages, it still gives them more than enough to live comfortably. The taxpayers who are paying their bills are suffering some considerable hardship and are rightfully angry when they read about the people who got them into this mess still living so high off the hog. The fact that they have received billions in taxpayer funded bailout money puts them in a very bad light.