He knows what is best for us
Posted on 06/11/2009 7:53:52 AM PDT by pillut48
WASHINGTON (AP) -- The Obama administration says executive compensation must be better managed to prevent the sort of risk-taking that jeopardizes the economy.
Gene Sperling, who advises Treasury Secretary Timothy Geithner, said Thursday the administration does not want to impose caps on executive pay. But he also laid out for the House Financial Services Committee a list of guidelines calling on publicly-held companies to link compensation to long-term performance, not short-term gains.
(Excerpt) Read more at finance.yahoo.com ...
Where did I say I wasn't? The thread was about CEO's.
“I just don’t see why the country is not in total outrage with this administration.”
Most people in this culture have been taught to hate the well off. They’ve been taught that they are well off through greed and oppression. Therefore, when the government (the REAL seat of greed and oppression) steps in to ‘set things right’, stupid people celebrate not understanding that the government power that crushes the rich crushes everyone else, too. It’s the politics of greed and envy. This is the ‘change’ people wanted. They don’t understand that it will impoverish all of us in time.
Sounds like a formula for increasing the debt and moving companies overseas.
I am seething with envy at anyone making more than me.
I have nothing but contempt for anyone making less than me.
So let it be written.
It was FDR or Truman.
This isn't the first time government has controlled the private sector wages.
Spoken like a truly ignorant imbecile. Capitalism doesn't work without risk taking. It is the possibility of reward, even big reward, that entices people to take risk that creates businesses, which in turn hire employees, who in turn, pay taxes, spend money and save/invest.
Rasmussen says the rest of the Country is catching up! it’s just a little bit slower than one would expect:-)
Office of Price Administration headed by Ken Galbraith.
We need a new Peace of Westphalia that separates
the economy from the government!
They need to rein in THEIR OWN PAY! Year after year, these same POS’s vote themselves EXCESSIVE raises....
Fill in the blank. Ivy League runs this country. A degree from Harvard or Yale is tattooed to the navel of practically everyone in Washington these days.
This is because he wants us to be on a par with 3rd world incomes, or because he is trying to foment some kind of rebellion. The first would greatly benefit certain power elites. The second would provide the seedbed for a massive redefinition of America, either by force or by Constitutional Convention.
Exactly. Wanna bet the first thing they'd do is remove all references to "God?"
Agreed, $160K doesn’t go far with the lifestyle you describe.
On even another note, Congress gets a pension and lifetime health care (the best in the world) even if they only serve one term. Oh, and they get to vote themselves their own pay raises.
Let’s say I’m a tier 1 supplier to both GM and Chrysler, am I next on the chopping block now? My salary is directly connected to the profit I make from these two companies (or it did), so my pay is coming from the money given to these companies to stay afloat.
I wonder how long it will be before I have to open my books and show I’m not making “excessive salary” since I am a sole supplier to GM and Chrysler both for certain parts.
Relatively speaking...they are paid based on performance. Nobody gives kickbacks to people who dont come through. :)
Seriously, they dont make jack compared to what Wall Street execs make.
SOCIALISM and GOVERNMENT INTERFERENCE in the PRIVATE SECTOR is the current trend that is killing our corporations.
Screw the remaining people holding the stock.
What about all of the Chrysler and GM bondholders that got royally screwed by the GOVERNMENT?
Your beloved democrat run Congress headed by your communist President are the ones that are royally screwing every single tax payer in America including YOU.
Are you kidding?
HolyO and his cronies are so above it all they can’t be touched by this type of menial thing.
Everyone will be rich! After Zimbabwe style inflation we all be billionaires.
People forget that Obama is a political machine politician. What this means if a CEO of a company wants to make the big bucks, he will have make a donation to the Obama machine. I believe its called clout in Chicago or something like that.
But Obama’s problem is that he isn’t in the Second City anymore. And he is messing with some powerful people. It wouldn’t surprise me if Barry becomes involved in a big scandal fairly soon. See Elliot Spizter as an example of what happens when you jerk around the wrong people.
We are sliding down the slope quite fast. Sad thing is, there is a legal precedent for doing this (WWII).
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