Posted on 02/04/2009 10:43:45 AM PST by governsleastgovernsbest
Add Brian Williams to the list of proud multi-millionaire populists at NBC/MSNBC. The Nightly News host just declared on Andrea Mitchell’s MSNBC show today that “a lot of us know that . . . something is basically not right” about how much money some people at companies receiving government bail-outs are making.
You mean, like someone making at least $10 million a year working for a company whose subsidiary recently received a $139 billion loan guarantee from the federal government? Somebody like . . . Brian Williams?
That’s right. As reported here, the US government has agreed to guarantee as much as $139 billion of the debt of GE Capital Corp., a subsidiary of GE, which just happens also to own . . . NBC and MSNBC.
View video.
(Excerpt) Read more at finkelblog.com ...
Hypocrite-alert ping to Today show list.
Is NBC owned by the tax payer? If yes, then he should be held to the same rules that govern TARP-1 recipients.
On the other point, I agree - Brian Williams is a hypocrite.
Brian’s salary is safe. Barry’s not going to cut the salaries of the members of the Ministry of Propaganda. Or the Ministry of Fear.
The very thought I had earlier today. Why is “talent” exempt from the pay cap?
What does Williams do that makes him worth 10 million a year? I don’t get it.
I think I’m in rare agreement with Brian Williams since I think the government bailouts at taxpayer expence is a mortal sin. These execs should be collecting zero.
GE stockholders got a bailout..and they should be seeing that their Execs are limited to the 500k as well.
Also take away the exec 737 and the smaller ones.
All the employees..NBC,MSNBC, CNBC..should have a limit 500k. Superseding any contract.
Do that and they would shut up.
GE Capital, a subsidiary of GE as is NBC/MSBNC, received a federal guarantee of up to $139 BILLION of its debt.
My mother feels that he dresses very well ;-)
GE and GE Capital are all one company. So the rules should apply to all...unless GE spins off GE capital(fat chance).
I did not know that! Thanks for putting him on the list.
You’re right - this moron is a hypocrite.
I should have paid more attention to your last line but my thoughts were on the last interview where Inmelt (sp?) said that GE Capital was solvent enough to refuse TARP funds.
Also, are guarantees covered under TARP? I did not think so.
GE is nursing on the gubment teet.
Regulations were not enough of an affront to capitalism for the commies in charge, now they can control some companies from the top down.
Just today GE Capital used the government guarantee to sell $129 million of bonds:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aKoXS9o0ENns&refer=home
‘’News readers’’ could be had for a little more than minimum wage. Work on it GE.
(I would add a sarcasm if it's really needed but I'm hoping that it isn't)
Free enterprise, just like actors, and ball players and other entertainers, you watch are you don't watch. If you don't vote with your dollars they will not be there long.
On the surface, the $500,000 cap sounds like a good idea. However, this idea will actually create more confusion and chaos for the companies that receive bailout funds. Here’s why:
If you were a talented CEO and suddenly your pay was going from $4M to $500K, but you had the chance to jump ship to one of your competitors (that didn’t take the bailout money) and still get paid $2M+. Would you jump???
Think of it in baseball terms. If the AL suddenly decided to cap players salaries at $500,000 per year, how long would it take Ichiro, A-Rod, Jeter & Mussina to jump to a NL team?
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