Martin Luther King Jr.

Martin Luther King Jr.
M. L. King Jr. (January 15, 1929 – April 4, 1968)

3/23/2009

Seriously

Excerpt from Politico's "Ten Ways to Recoup the Bonuses":


4) Rescind the contracts: If the bonus recipients won’t renegotiate, simply withdraw the contracts under which they received the bonuses. “Every first-year law student learns that a court can invalidate a contract’s ‘unconscionable’ terms, rescind it or reform it,” James P. Tutill, a lecturer at the University of California-Berkeley law school blogged over the weekend. “If these bonus contracts benefiting the very people who have destroyed incalculable amounts of wealth in the pursuit of their own personal greed don’t warrant revision, rescission or reformation, then our legal system is seriously deficient."

(emphasis mine)

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