$500k is not worth the government bs you would have to put up with.
Well hell, I’ll do it.
A democrat who knows how to get paid through the back door.
If I made decisions based on a ouiji board I’d do better than the GM execs
But I also want stock options and a golden parachute.
Where in general I am a “whatever the market will bear” kind of guy, I am behind limiting of base salaries for failing companies - though I would like to see performance-based incentives that would allow these folks to increase earnings based on actual performance.
LOL! Funny how other companies do quite well with CEOs who are less compensated. In fact, there seems to be an inverse relationship.
While I don’t like the government dictatng this, the shareholders should have been doing so...but boards have been playing quid pro quo and artificially raising officer wages and benefits far above performance.
Ahhh, a match made in heaven!
Considering that we are now painfully aware of what kind of CEO a company can get for $100 million a year I can only assume the firms will get someone better that one of these detestable perfumed princes who have now totally hosed our economy with their half-assed ideas.
Hello ... I'm from the government and I'm here to help you ...
Keeping the stores staffed and trained and covering for those who decided not to show up for work whenever they felt like it ruined his health.
Hey, if you want welfare you have to qualify and then follow some rules. If you don’t like the rules, you reject the welfare.
Government should reduce
opportunity for BAD GUYS,
not limit OPPORTUNITY.
That is all.
I don’t know the answer to the “what kind of executive” direct question.
I do know that the Law of Unintended Consequences is still valid.
Wonder how it will all work out? Should be interesting.
These firms who chose to tap into the bailout funds could most likely lose their CEOs to other companies since they now work for the government. Chock up another failure to the so-called Stimulus Plan. Then again, some of these CEOs weren’t worth the paper their checks are written on.
The underlying assumption here is false. The incompetents who have run the entre financial system to the ground and have caused a global meltdown don’t deserve any ore than what they are paying their bank tellers.
As new govt. employees (which is what AIG, Citi, and other TARP-1 recipients are), they are earning more than most current govt. employees.
They can do what they want with their salaries and bonuses after they repay their loans (and interest) to the taxpayer.
About the same quality as a $500K free agent starting pitcher would be to a major league ball club.
$66 MILLION DOLLARS for a baseball player is cool, but a CEO, responsible for thousands of jobs and billions in revenue is now BAD.
Welcome to Nicolai Carpathia’s BRAVE NEW WORLD...
I predict the country will soon see a dramatic increase of graft, bribery, hush money, and payoffs. This will increase again once we pass socialized medicine. We’re going to grow increasingly similar to other countries in the world where people pay under the table to corrupt cops, teachers, doctors, licensing agencies, etc. for the ability to get around the system.