US government seeks to rein in executive pay

Yahoo! Finance ^ | Thursday June 11, 2009, 10:40 am EDT | Jim Kuhnhenn, Associated Press Writer

[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.

[Beagle8U]

“THIS IS extraordinary. The Obama Administration has no legal authority to do this.”

Didn’t the Commie FDR do exactly the same thing?

[ladyjane]

Including actors and lawyers?

Baseball, football and basketball players too.

[Bronzy]

Our Congress is filled with a majority of Democrat Socialists and worthless RINOs.

[avacado]

"I just don’t see why the country is not in total outrage with this administration."

Because 25 plus million Americans per night get their news from either CBS, NBC, or ABC. I did the horror and watched them all last week. Trust me, it's all roses and sunshine on those nightly news programs. Obama is still "saving" us from the evil Bush.

[blam]

"Then they’ll be wanting another hand out."

And, they'll get it. This won't stop until even the 'seed corn' is gone.

[OldNavyVet]

Kill the Golden Goose?

What kind of idiot resides in our White House?

[a fool in paradise]

Corporate America will pay.

There’s a reason that Michelle Obama advised black audiences to shun working in offices for corporations.

[WhistlingPastTheGraveyard]

I just don’t see why the country is not in total outrage with this administration.

Outrage died in the 90's. America's too whacked out on Soma to give a damn.

[09Patriot]

mike church is on it right now, He just played emporer palapatine ushing in the galactic empire. lol

[a fool in paradise]

My pay has already been cut this year to be competative with rates in India.

This d*** can go screw.

[dforest]

The Dem Party and the GOP are the same party masquerading as separate parties. That does not mean that all the critters are on board....but the writing is on the wall.

We don’t hear from the GOP because they only speak out on diversionary issues.

This bit that they can do nothing anyway is an excuse. I believe we would at least expect them to be marching to the microphones at the death blows to the US being perpetrated daily.

[cake_crumb]

"So, I assume, the publically held movie studios and sports franchises will cut actors and players salaries."

Hollywood'll be exempt, as will union bosses and professional lobbyists.

[Hoffer Rand]

The administration does not want to impose caps on executive pay. But...

We keep hearing this same phrasing over and over. "The government doesn't want to run GM, BUT..." "The government doesn't want to raise taxes, BUT..."

This is the exact phrasing parents use with their children. "I don't want to punish you, but..." That's usually followed by some kind of "it's for your own good" verbiage. The government wants to treats us as though we are naughty children who are incapable of making good decisions and taking care of ourselves, therefore, they must make the choices for us, by doing what's "best for us." People are beginning to wake up and see this for what it is. It can't happen soon enough for me.

[bmwcyle]

Fascism 2009 ping

[a fool in paradise]

Because 25 plus million Americans per night get their news from either CBS, NBC, or ABC.

Actually that is no longer the case. SEEBS Evening SMOOZE now only draws 5million viewers.

And the other two draw less than 10million each.

[Dubya-M-DeesWent2SyriaStupid!]

When will BarackAmerica bank be opened?

[Drill Thrawl]

"THIS IS extraordinary. The Obama Administration has no legal authority to do this."

As proven by the Chrysler bancruptcy, I don't think the rule of law applies anymore.

[reagandemocrat]

Excellent!

[SoldierDad]

The private sector is no longer the private sector. We’ve arrived at totalitarianism folks.

[a fool in paradise]

No controlling legal authority. < /biden plagiarism of gore >