Executive Cap Not Just For Bailed Out Companies?

Annie

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Nov 22, 2003
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I actually think that if a company takes the bailout, they've left themselves open to government interference, a bad idea indeed. However seems Obama has a broader plan in mind:


Obama caps executive pay tied to bailout money - Yahoo! Finance

Obama caps executive pay tied to bailout money
Obama caps executive pay for companies getting bailouts, seeks to stop rewards `for failure'

Ben Feller, Associated Press Writer
Wednesday February 4, 2009, 8:19 pm EST
WASHINGTON (AP) -- Assailing out-of-touch corporate pay and perks, President Barack Obama on Wednesday slammed a salary cap on top executives from companies that want bailouts -- but it's a limit that could end up thinning the wallets of only a small number of people.

Obama's action comes as many Americans, while hanging on for economic life, have watched Wall Street high-flyers receive big-dollar bonuses even as their firms draw public help for survival. The outcry has grown with each report of a bailed-out company that plans to buy a jet or hold a Las Vegas retreat.

The president aimed for a target -- extravagant corporate behavior on the public dime -- that fit the mood of the day. His $500,000 salary limit on executives from a limited number of companies was part of a broader assault on what he called a "reckless culture" that has helped wreck the economy....

...Obama's new plan is broad.

Beyond imposing tighter rules on companies that get emergency bailouts, it also requires more openness and limits for healthy banks that tap into public money to expand lending. And it envisions broad reforms in how employees are paid at any public financial institution, even ones that don't get federal help....

..The administration also will propose long-term compensation ideas even for companies that don't receive government assistance, Obama said. Among the ideas will be requiring top executives at financial institutions to hold stock for several years before they can cash out.
 
Actually that would slow inflation at least.

Actually the government is not supposed to co-op property, but get out of the way. Seriously wrong.

Exactly.. It's so very unconstitutional.. somewhere in the Bill of Rights, it specifically prevents the federal government from taking private property... but, yeah, like this administration uses the Constitution for anymore than an asswipe.

Also, kitty, inflation comes from expanding the money supply, not from anywhere else.
 
Actually that would slow inflation at least.

Actually the government is not supposed to co-op property, but get out of the way. Seriously wrong.

Exactly.. It's so very unconstitutional.. somewhere in the Bill of Rights, it specifically prevents the federal government from taking private property... but, yeah, like this administration uses the Constitution for anymore than an asswipe.

Also, kitty, inflation comes from expanding the money supply, not from anywhere else.

here use this from another post

http://www.usmessageboard.com/politics/68852-marxist-leninist-bullsh-t-3.html#post1027552

the federal government does not have the power, nor the right to subvert private contracts which fall under the sovereignty of state laws.
 
Actually that would slow inflation at least.

Actually the government is not supposed to co-op property, but get out of the way. Seriously wrong.

Meh, when I have 100% freedom and equal rights then I'll care about other peoples.

That is called a 'state of nature', good luck with that.

I was not referring to 'regulations' on banking or other financial venues, that falls within the charge of government. However, they do not have the right and/or responsibility to tell people or corporations how to comport their lives.
 
$Obama-Fascism-750443.jpg
 
well, from what I understand, this is where the problem came with executives and stock holders even have complained.

this is more complicated than what meets the eye and should be a change in regulating insiders stock and what they do with it....
basically, the insiders have been playing a game that hurts their stock holders and company business, is simplist way of describing it....the way they have recently, within the las 10 years, structured their pay and bonuses with stock options is my understanding of it, so i wouldn't panic yet....on this....
 

lol, bravo.

but central planning is not unique to one party, sadly. that's why we're in this mess. but, of course, democrats are smarter and better central planners than republicans, right? :p

I don't really see that much difference between the two parties. Both push big-government fascism down our throats. The difference is that Democrats do it in the name of compassion.
 
The article isn't very clear and your creative editing makes it even less clear.

Well you know what the erudite say, "Go read it yourself." I was trying to stay within the guidelines, while making my point.
 
And there ya have it... "CHANGE" Which of course amounts to Socialism... and all that is, is exactly what one would expect from a MARXIST!

We can expect the same 'reasonable regulations' on a broad spectrum of issues, where inalienable rights of the individual are usurped in favor of the Rights born of the 'social-contract'...

And whoever said that such was fascism is right... it's fascism which is heading directly for full blown socialism and that of course leads to economic and cultural catastrophe...

But the good news is that we'll straignten this all out in the Revolution... Marxists will eventually tire of the slow progression of fascism and demand at some point that 'The People' take control... and they'll do so through unbridled violence and it is at THAT point where we (Americans) will be forced to defend our rights from thse Bolshevik fucks and we will do so by irradicating the entirety; the whole of the ideological left...

So yuck it up
 

lol, bravo.

but central planning is not unique to one party, sadly. that's why we're in this mess. but, of course, democrats are smarter and better central planners than republicans, right? :p

I don't really see that much difference between the two parties. Both push big-government fascism down our throats. The difference is that Democrats do it in the name of compassion.


Well you're right X... but the reason for that is that Both PARTIES lend credence to leftism... the DEMOCRATS ARE LEFTIST now... the subversion is complete. The GOP is suffering a potentially fatal infection of moderates, but hopefully, we'll find the courage to kick their sorry asses to the curb...
 
the key words are "tap into public money"
you take the govt money; it comes with govt strings.

don't want strings, don't take the money.
 
the key words are "tap into public money"
you take the govt money; it comes with govt strings.

don't want strings, don't take the money.

Actually the point was, the 'broader plan.' Not just 'taking the money' companies. I happen to agree if they do, with the 'strings.'
 
the key words are "tap into public money"
you take the govt money; it comes with govt strings.

don't want strings, don't take the money.

Actually the point was, the 'broader plan.' Not just 'taking the money' companies. I happen to agree if they do, with the 'strings.'

it looks to me that the broader plan is to attach these kind of strings to any co. accepting public money.

i have no problem with it; no one is compelling them to take public funds.
 
the other measure annie does not limit pay if I understand it correctly, it limits how they are paid....i saw a congressional hearing on c-span about this about 6 months to a year ago and many in the know that were questioned suggested execs not get paid in the manner that has come about within the decade....where stock options etc were the majority of their compensation...... because they made bad decisions for the company's long term health being compensated in this manner....which relies on short term gains.*
 
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