Posted on 02/03/2009 7:18:14 PM PST by sloop
President Barack Obama plans to unveil a series of new pay curbs Wednesday, including limits to executive salaries.
Among the new restrictions being considered is a cap on salaries for executives at companies that receive a substantial amount of government aid. Such a move would amount to an unprecedented effort to limit executive pay.
(Excerpt) Read more at online.wsj.com ...
Not sure what your point is ~ salaries for Pres, VP, cabinet members, Senators and Representatives are set by law. That is, they are already “capped”.
I doubt that he would notice.
let’s just confiscate all net worth over $100K and get it over with.
We're already well down the slope....
The government has been limiting pay in the health care sector for YEARS.
Given current employment problems in the banking and investment industries, the executives aren't going anywhere.
Yes, that is a black mark on his Presidency.
Socialism is just communism sold by the drink - to paraphrase P. J. O'Rourke.
Can I just say that I am a buyer when the Dow hits 1000?
Lets cap the cap.
Competition always lowers the price. Time to lower their "price".
You hit the nail on the head on ironies. Look at the three US centers of finance, New York City (finance and trade), Chicago (commodites) and San Francisco (Pacific trade and finance). All three cities are located in blue states, represented by Dem Senators. Wall Street gave more money to the Dems than GOP hoping to curry favor. Lenin would be proud, “capitalist will sell the rope that will be used to hang them”. LOL LOL LOL !!!!!!!!!
Executives took less salaries, but reaped multiple times their salaries in stock options.
The concept of the govt. limiting salaries is idiotic. If they are concerned about such things, they shouldn't be loaning or investing in the private sector.
This idea of putting caps on salaries works for major sports teams but not at all valid in business. Also, it doesn't matter if the company is receiving government money. Where is the outrage about our own government's extortion of American business?.
As was the $93,000 raise in “petty cash” amounts Congress voted themselves.
Where’s the HA HA guy? How do you like him now, Wall Street?
The slippery slope is right. I remember when universities were getting caught up in the tax money net. First it was direct general grants, then if you took money for specific contractual work, then they tried to argue if a student had a federally-guaranteed loan, it was enough to bootstrap universities into the fed web.
However, there is some wiggle room here with the term “substantial”. I suspect no decent contributor to the Democratic Party will ever be judged to have accepted “substantial” money. Can’t dry up the spigot, can we? Obama has a reelection to work about now and he has already shown it is on his mind since last week.
A Communist is a Socialist with your gun.
It may soon be time to load up the family truckster and head for the hills. I have room for one more. Anybody have Kelly Pickler's number? (:^o)
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