My Thoughts on the Bailout

I have some suggestions for the companies about to be bailed out. I believe that the bailout should be contingent on a few small requirements.

1. The CEO and top executive pay packages should be funneled into an account which will serve to paydown the debt assumed by the government. Now I am not heartless, the CEO should keep a
salary equal to the lowest middle manager currently employed.

2. All bonues for CEO and top executives will go into this account.

3. All "extra" perks, such as stock options, jet, homes, etc, will be liquidated at put into the account.

4. If the CEO, or top executive leaves the company, he or she will NOT receive a golden parachute. Rather, the parachute will be funneled into the account as well. The CEO or top executive will receive 2 weeks severance.

5. Due to the extraordinary measures of the bailout, the contract for CEO & top executive compensation will be considered null and void.

6. Any company who does not accept these terms will not be part of the bailout.

I think this is a viable solution to partially pay for the bailout. And, if this becomes the law of the land, forfeiture of pay and bonuses for a bailout, I predict that the companies will be run a bit better from now on.