Government Has a Right to Remand Bonuses

I'm amazed that Wall Street would have any qualms with the government wanting our money back and the right to approve future bonuses.

No company ought to consider giving additional stock options or cash bonuses to executives who don't generate profits. The definition of "bonus," according to Dictionary.com, is "a gift to reward performance, paid either by a private employer or by a government."

Usually, it's hedge fund, buyout, venture capitalist, money management or private equity firms that carry the pitch forks, torches and ropes ready to lynch. I have raised money from private and professional investors, and I can tell you that they have a say in management's bonuses. In fact, your biggest investors are usually on your board of directors. ...