Administration, Congress seek to rein in exec pay

Discussion in 'Politics' started by AllieBaba, Jun 11, 2009.

  1. AllieBaba
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    AllieBaba BANNED

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    "The Obama administration struck a delicate balance on executive pay Thursday, blaming flawed compensation packages for encouraging disastrous risk-taking but insisting it doesn't want to dictate how corporations reward their top people...

    "I can say with certainty that nobody in the Obama administration is proposing such a thing," he said.

    "Yet, at the same time, he and officials with the Federal Reserve and the Securities and Exchange Commission laid out a case for how payment structures rewarded short-term gains at the expense of long-term performance and contributed to the nation's financial crisis."
    Administration, Congress seek to rein in exec pay - Yahoo! Finance

    Tell me Obama isn't doing exactly what Chavez is doing in Venezuela...

    Chavez targets and seizes companies that make a profit....
     
  2. edthecynic
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    edthecynic Censored for Cynicism

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    So basically you are saying executives are incapable of producing long term growth.
     
  3. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Absolutely ridiculous. Obama doesn't have the authority or the intelligence to decide what executives should make. Only the market should make those decisions.
     
  4. sealybobo
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    sealybobo Diamond Member

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    pauly want a cracker?

    We own 51% of those companies so he does have the authority. Just like people didn't like those AIG exec's getting those bonus'.

    How did you feel about that earlier this year?
     
  5. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    He doesn't have the authority to have "bought" those companies either, and no I didn't support the bailouts of the banks as you already know. If we had let them go under they couldn't have gotten their bonus' could they?

    At any rate, one unconstitutional act doesn't allow for another unconstitutional act. I suggest you read the Constitution, sealy.

    FindLaw: Cases and Codes: U.S. Constitution
     
  6. Tech_Esq
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    Tech_Esq Sic Semper Tyrannis!

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    By what Constitutional right does the government own any part of these private businesses?

    This is nothing but an illegal power grab. Period.
     
  7. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    It should also be pointed out that it's not just companies that got bailed out by the government that they are trying to force this on, but all publicly traded companies.
     
  8. Oddball
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    Oddball BANNED Supporting Member

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    Good thing Barry Obloshevik doesn't want to micromanage businesses, or anything like that. :rolleyes:
     
  9. Sweet Willy
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    Sweet Willy BANNED

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    Obama isn't doing what Chavez is doing. He is only buying companies with miserable loses.
     
  10. AllieBaba
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    AllieBaba BANNED

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    Good thing he's not a socialist, too. Hell, he's not even a liberal...he says.
     

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