[artplumber]

Originally Posted by Rick Lee

So you're suggesting we pass a(nother) law that allows the gov't. to seize people's assets? Do want due process with this or just flat out seizure for anyone you think makes too much money or performed poorly for their shareholders? Where does that stop? If you get a huge bonus at your job and then get fired a few mos. later, should the gov't. just be able to seize your bonus?

Apparently, there is a law on the books in NY that allows at least jail time for fraud, if it can be proved that the execs knew it was a sinking ship and took/gave big bonuses anyway. Difficulty will be in proving that to a jury....

Maybe a special taxation of CEO income is in order....