[Red in Blue PA]

“It takes a helluva good executive at the reigns of a struggling company to get it back into profitability”

If the CEO is incompetent while making $100 Million, then what?

Would love to hear you and others if we subsituted “GM” for “Wall Street”

[ArmedConservative]

“If the CEO is incompetent while making $100 Million, then what?”

Executive compensation is determined by the Board of Directors. If he is truely incompetent shareholders should demand the CEO be ousted. There is no role for goverment in this process.

[chrisser]

If the CEO is incompetent while making $100 Million, then what?

You think a member of Congress is capable to judge the competency of a CEO. Think you are?

Personally, I think those who are stockholders in the company should be the judge. Now, if the government wants to get a few seats on the board of directors to be a part of the decision making process in return for the chunk of change they put in, I'm fine with that.

Would love to hear you and others if we subsituted “GM” for “Wall Street”

My answer would be the same. Except, in GM's case, at least until recently, it was the UAW instead of the government, who was meddling where it shouldn't have been. Now, its both and more people will be out of work because of it than if GM had busted the union like they should have years ago.