Unemployed , In jail are in a pile beside the:
Posted on 12/11/2009 10:49:16 AM PST by MaestroLC
The Obama administration's pay czar is limiting the cash compensation for executives at companies that received the largest taxpayer bailouts to $500,000.
The 25th through the 100th top earners at Citigroup, GMAC, American International Group and General Motors also must take more than half their compensation in stock, and at least half must be delayed for three or more years, said Kenneth Feinberg, the Treasury Department's Special Master for Executive Compensation.
(Excerpt) Read more at foxnews.com ...
Unconstitutional.
Hoax and change.
The one with the gold makes the rules. Frankly, the leadership at these companies should be unemployed, so I guess $500k is not too bad.
Nothing like holding back new talent from coming in to bring revival to these companies.
What country is this again?
It’s as though the economics of the last century never happened. How much damage will they do before an overwhelming number of people wake up? How much hypocrisy can the fools at ABC, NBC, CBS, CNN, the NYT and the Washington comPost spin? How long can/will the productive and the future continue to subsidize the looters in the government (and their friends)? Who is John Galt?
These welfare recipients are still paid too much. $500k a year? For what? Running companies into the ground?
“For what? Running companies into the ground?”
Damn near the nation into the ground.
Non producers, by definition, produce nothing of value, therefore their salary (compensation for product), should be capped at zero (or maybe Zer0), whichever you prefer.
500K is way to generous.
impeachable offense
And when these companies go under for lack of executive talent the gubmint will wonder why it happened.
Unemployed , In jail are in a pile beside the:
Ever received a loan? Perhaps your lender should say, "I think you're paid too much. I'll cut your pay to 25% of what it was last year. After all, you should have managed your affairs better so you wouldn't need me."
Government-dictated salary caps are pure, undiluted Fascism. It should bother you that you're cheering for that side.
Those people are gone.
Now you have new, Obamacized socialist CEO's who don't mind the low pay (they'll do it for the State) since they have no intention of bringing the companies back to profit anyway.
And brilliant talent is what causes government bailouts, ROFLOL, You are kidding right!!
Commercial lenders, particularly commercial lenders to troubled companies, do exactly that.
LOL......these companies won’t be around in three years.
...after they've already loaned you the money? And when you may not have asked for it in the first place? (Both are facts of the TARP bailouts...)
The “didn’t ask for the money” whine is getting a little stale. They took the money and haven’t repaid it.
DonaldC, don’t you understand that this is merely where the socialist curtain is begun to be lowered? By the time this is over, your salary will be reviewed and adjusted.
And by the way, the leadership of these companies were following the rules the Congress of the United States of America set up. Barney Frank and company were pleased as punch to implement them.
Please don’t be a shill for the left.
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