Posted on 02/04/2009 8:24:37 AM PST by pabianice
Obama speaking now. He is (executive order?) capping salaries at bailed-out companies that are now, basically, owned by the Government. Also eliminating stock options for executives, eliminating 'golden parachutes,' requiring companies to come to White House hat in hand to get permission to implement major changes in management and financial operations. No bennies any more (health club memberships, cars, executive retreats, etc.)
Leaves podium as reporters dare to call-out questions.
A government big enough to give you anything you want is also big enough to take everything you have." -- Thomas Jefferson
The King has spoken.
Who’s next?
Does the POTUS have this authority?
Link?
The free market should have been allowed to gover the fate of the banks and their currupt administrators/managers. Pres. Bush began the socialism; Pres. Hussein will complete it.
Ford Motor Company is going to have alot of shakers and movers come calling. Sorry GM, you get the starbucks manager from down the street.
Sorry zero - executive orders do not apply to private citizes. Kiss my ass!!..................red
This should discourage any other business from going to DC w/ hat in hand.
I don’t find the power or authority to do such thing in the Constitution.
Id this a dictatorship, America?
Shouldn’t he have said this before the bailout? What about companies that have government contracts? Does this apply to Loral Space?
This is the goal of any program where the government “gives” you things you should provide for yourself.
They get to control your behavior or you don’t get the stuff you need.
What else Obama?
Come one, what else you gonna tell business to do?
Hey, You should just declare yourself CEO of ALL the bail out business and run them all.
“private citizes”.
Eh... give it a few years and we’ll all be subjects instead.
How about doing the same thing for all the State and local govt that are in deep trouble and asking for bailouts?
Cancel all those Governor’s and Mayor’s conferences in big resorts. Ground the executive jets. Cut the bonus’s.
This is more AIG fallout. And it makes sense, we’ve always known that if you’re taking money from the government there will be strings attached. If you don’t like the strings don’t take the money.
First Black President to mandate corporate salaries!
Loral Space,
in good classic fascist tradition,
pays off democrats to get some leaway in their operations.
It was a live press “conference” and took place 5 minutes ago. This transcript is not entirely accurate (though it is mostly so) - especially re: the stock options.
By the way, did he ever say anything against congress voting itself raises?
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