To: Red in Blue PA
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.
118 posted on
01/30/2009 12:37:53 PM PST by
chrisser
(The Two Americas: Those that want to be coddled, Those that want to be left the hell alone.)
To: chrisser; All
“Personally, I think those who are stockholders in the company should be the judge.”
You don’t get it.
Stockholders have ZERO say in the compensation packages of execs. These are determined by Compensation Committees, which are NOT acountable to the shareholders, the so-called owners. That needs to change.
123 posted on
01/30/2009 12:39:19 PM PST by
Red in Blue PA
(If guns cause crime, then all of mine are defective.)
To: chrisser
part of the decision making process in return for the chunk of change they put in, I'm fine with that. That's actually what they did when they forced companies to take money and in return demanded stock in return and became part owners.
You didn't really mean your fine with government dictating rules to private companies after they forced them to take money, did you?
141 posted on
01/30/2009 12:46:45 PM PST by
Las Vegas Ron
(Obama says we should listen to muzzies, not Rush)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson