Quote of the Day: Clueless edition

Related to journalism because someone at the New York Times was actually able to get this guy on record talking like this.

“That is pretty draconian — $500,000 is not a lot of money, particularly if there is no bonus,” said James F. Reda, founder and managing director of James F. Reda & Associates, a compensation consulting firm. “And you know these companies that are in trouble are not going to pay much of an annual dividend.” (emphasis added)