Obama administration to issue executive pay limits

[NewsBot]

WASHINGTON (AP) -- The Obama administration plans to limit pay to $500,000 a year for executives of government-assisted financial institutions in a new get-tough approach to bankers and Wall Street, a senior administration official said Tuesday....

By JIM KUHNHENN

Read the full story.

 

[eddo]

WASHINGTON (AP) -- The Obama administration plans to limit pay to $500,000 a year for executives of government-assisted financial institutions in a new get-tough approach to bankers and Wall Street, a senior administration official said Tuesday....

By JIM KUHNHENN

Read the full story.

Don't think I like this. I dislike as much as the next guy how the top executives make bukoo bucks while the little people do all the work- but do we want the Government dictating what people can and can't make for their skills?

I don't think so.

I would be much more comfortable with doing away with bonuses until the Gov't bailout is paid back, but don't like this government mandated salary cap.

 

[RegisteredAndEducated]

sounds a little like communism/socialism/facism, don't it?

 

[Chi]

Don't think I like this. I dislike as much as the next guy how the top executives make bukoo bucks while the little people do all the work- but do we want the Government dictating what people can and can't make for their skills?

I don't think so.

I would be much more comfortable with doing away with bonuses until the Gov't bailout is paid back, but don't like this government mandated salary cap.

sounds a little like communism/socialism/facism, don't it?

You two are really something. What skills?? Running companies into the ground while they (the top execs) are the only ones who get to keep their cushy, luxurious lifestyles? All while the peons at the bottom are the only ones who suffer. And for what? Doing all the work - ?? That isn't right.

I bet if George Bush had done this, you two would be all like "About time someone did something about the situation and taught those greedy bastards a lesson, etc., etc..." If Obama wouldn't have done this - "He's not doing anything at all to fix this mess..." There isn't any pleasing you people who dislike the man no matter what he does.

Communism, socialism, facism - ? Please. This sums it all - "what gets people upset - and rightfully so - are executives being rewarded for failure. Especially when those rewards are subsidized by U.S. taxpayers." If anything, those execs are lucky and should thank their lucky stars that they are getting that much money, still have a job and haven't been stoned for being greedy bastards amist all this mess.

 

[RegisteredAndEducated]

You two are really something. What skills?? Running companies into the ground while they (the top execs) are the only ones who get to keep their cushy, luxurious lifestyles? All while the peons at the bottom are the only ones who suffer. And for what? Doing all the work - ?? That isn't right.

I bet if George Bush had done this, you two would be all like "About time someone did something about the situation and taught those greedy bastards a lesson, etc., etc..." If Obama wouldn't have done this - "He's not doing anything at all to fix this mess..." There isn't any pleasing you people who dislike the man no matter what he does.

Communism, socialism, facism - ? Please. This sums it all - "what gets people upset - and rightfully so - are executives being rewarded for failure. Especially when those rewards are subsidized by U.S. taxpayers." If anything, those execs are lucky and should thank their lucky stars that they are getting that much money, still have a job and haven't been stoned for being greedy bastards amist all this mess.

No, wrong. If GWB had done this, I would have called him a socialist.

I think it's wrong that the government can tell a company how much to pay their employees. No matter who the leader is.

 

[Chi]

No, wrong. If GWB had done this, I would have called him a socialist.

I don't believe that, but if you say so.

I think it's wrong that the government can tell a company how much to pay their employees. No matter who the leader is.

Why is it wrong? If they are extending their hands out to the govt. for a handout, the least they can do is abide by some rules. Rules that are going to put their wasteful habits and greed in check.

Same for people extending their hands out to the govt. for welfare, food stamps etc. Rules. You cannot rely on the govt. for the rest of your life. It is TEMPORARY help to get you on your feet, not a way of life.

 

[RegisteredAndEducated]

There should be rules for that help too.

You should have to pass random drug tests, and
You should have to pass a basic 11th grade high school graduation test, and
You should be truly disabled, not like the garbage I see parked in handicapped spots at the mall cause they don't want to walk their fat asses more than 20 feet to the door.

I also think that the amount of money you recieve should decrease every month that you're on it and pass the tests.

 

[Chi]

There should be rules for that help too.

You should have to pass random drug tests, and
You should have to pass a basic 11th grade high school graduation test, and
You should be truly disabled, not like the garbage I see parked in handicapped spots at the mall cause they don't want to walk their fat asses more than 20 feet to the door.

I also think that the amount of money you recieve should decrease every month that you're on it and pass the tests.

Absolutely. So why is it okay to set rules on this help and not the other? Why is it considered communist, etc. etc. in the other scenario and not this one? The object of the rules is to wean the people off the help. So that they don't think they can continually screw up and just come running to the aid of the government/tax payers money.

 

[RegisteredAndEducated]

The point is, the rules I suggested will NEVER happen. If someone tried to impliment something like that, the ACLU and other morons would be up in arms, ready to skin the person who suggested such a thing alive.

And I disapproved of the bailouts from the beginning. You can't give me money, then dictate how I use it after I've gotten it.

If it turns out I didn't use it in a way that was best, I shouldn't get any more. The government still should not be allowed to tell me what I can and can't pay my employees.

 

[ImWithStupid]

The salery caps are stupid.

What should have been done is that any corporation needing government money should have their CEO step down and replace him with someone new.

Now these companies won't fire their CEO's because they won't be able to hire anyone to replace them for $500,000, that's worth a crap.

P.S. if Bush had done this, you're damn right it would be facist socialism and so was nationalizing the banking industry like he did.

 

[eddo]

I bet if George Bush had done this, you two would be all like "About time someone did something about the situation and taught those greedy bastards a lesson, etc., etc..." If Obama wouldn't have done this - "He's not doing anything at all to fix this mess..." There isn't any pleasing you people who dislike the man no matter what he does.

ummm, I don't think so. I have many times spoken out against minimum wage, and this is the same thing- Government getting involved in things (in this case- wages in what should be a free enterprise system) that it should just leave up to the market.

The salery caps are stupid.

What should have been done is that any corporation needing government money should have their CEO step down and replace him with someone new.

Now these companies won't fire their CEO's because they won't be able to hire anyone to replace them for $500,000, that's worth a crap.

P.S. if Bush had done this, you're damn right it would be facist socialism and so was nationalizing the banking industry like he did.

Exactly.

 

[ImWithStupid]

ummm, I don't think so. I have many times spoken out against minimum wage, and this is the same thing- Government getting involved in things (in this case- wages in what should be a free enterprise system) that it should just leave up to the market.

All minimum wage is, is a political tool.

 

[Chi]

I continue to stand by my opinions. I'm sure you guys do, too. Let's agree to disagree. I'm not about to have one of those famous circular arguments.

 

[ImWithStupid]

I continue to stand by my opinions. I'm sure you guys do, too. Let's agree to disagree. I'm not about to have one of those famous circular arguments.

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