France defies basic economics: Severely caps top pay of executives

[ekrem]

Spain's banks are in good shape? Really? If that's true, how come they're looking for a bailout?

Markets in spin as anti-bailout party rises in Greek polls and Spanish borrowing costs soar - Europe - World - The Independent

Madrid government forced to deny plan to bail out troubled bank with state cash

Shit happens.
You as someone who's living in UK should know this.
Or didn't the UK government had to bailout 2 of the 4 big banks in the UK twice, and the bailout-money was financed with debt because UK has continously budget-deficits?

2008
BBC NEWS | Business | UK banks receive £37bn bail-out
2009
RBS, Lloyds Get $51 Billion in Second Bank Bailout (Update6) - Bloomberg

Shit happens, and now it's Spain's turn.
Let's hope, that the Spanish won't fail as much as the Americans and Brits did with their banks.

 

[JakeStarkey]

CG knows that, just was hoping you did not.

 

[TheGreatGatsby]

Spain's banks are in good shape? Really? If that's true, how come they're looking for a bailout?

Markets in spin as anti-bailout party rises in Greek polls and Spanish borrowing costs soar - Europe - World - The Independent

Madrid government forced to deny plan to bail out troubled bank with state cash

Shit happens.
You as someone who's living in UK should know this.
Or didn't the UK government had to bailout 2 of the 4 big banks in the UK twice, and the bailout-money was financed with debt because UK has continously budget-deficits?

2008
BBC NEWS | Business | UK banks receive £37bn bail-out
2009
RBS, Lloyds Get $51 Billion in Second Bank Bailout (Update6) - Bloomberg

Shit happens, and now it's Spain's turn.
Let's hope, that the Spanish won't fail as much as the Americans and Brits did with their banks.

Shit doesn't just happen. Irresponsible government legislation and oversight happens. When the people allow their politicians to constantly be paid off then shit happens.

 

[Moonglow]

I don't know. That's a good question. Look at the state of Europe's economy though.

Japan does it.

The pay level of U.S. executives is very high as compared to the pay of executives in other countries, as compared to pay of U.S. executives in the past, and as compared to U.S. employees at lower levels of the organization. Currently, U.S. executives earn about 400 times the pay of the lowest paid workers in their own companies. In Europe and Asia, the pay of executives is about 10 times that of the lowest paid worker. Additionally, many U.S. executives have generous stock option or severance packages that increase the value of their compensation. The high pay rates of American executives have garnered much media attention, particularly when organizations with high pay rates for CEOs and other top employees have lay-offs or plant closings. Many critics argue that executive pay is far too high, and that these pay rates invite ethical problems.

Read more: Executive Compensation - strategy, organization, levels, type, company, business Executive Compensation - strategy, organization, levels, type, company, business

 

[Moonglow]

Spain's banks are in good shape? Really? If that's true, how come they're looking for a bailout?

Markets in spin as anti-bailout party rises in Greek polls and Spanish borrowing costs soar - Europe - World - The Independent

Shit happens.
You as someone who's living in UK should know this.
Or didn't the UK government had to bailout 2 of the 4 big banks in the UK twice, and the bailout-money was financed with debt because UK has continously budget-deficits?

2008
BBC NEWS | Business | UK banks receive £37bn bail-out
2009
RBS, Lloyds Get $51 Billion in Second Bank Bailout (Update6) - Bloomberg

Shit happens, and now it's Spain's turn.
Let's hope, that the Spanish won't fail as much as the Americans and Brits did with their banks.

Shit doesn't just happen. Irresponsible government legislation and oversight happens. When the people allow their politicians to constantly be paid off then shit happens.

you mean that everbody poops.

 

[Toro]

Most of those firms are controlled by the French government, and most of those CEOs are connected in some manner to the French government. Those firms are first and foremost run in the national interest, not to maximize shareholder wealth. So capping the pay of the CEOs will have no discernible affect on the running of the companies.

The 75% tax on earnings above €1 million, however, will do nothing to encourage investment and entrepreneurialism.

 

[Polk]

Isn't the title of this thread misleading? From reading the article, I get the impression the cap only applies to state-owned firms.

 

[TheGreatGatsby]

I don't know. That's a good question. Look at the state of Europe's economy though.

Japan does it.

Link?

 

[TheGreatGatsby]

Shit happens.
You as someone who's living in UK should know this.
Or didn't the UK government had to bailout 2 of the 4 big banks in the UK twice, and the bailout-money was financed with debt because UK has continously budget-deficits?

2008
BBC NEWS | Business | UK banks receive £37bn bail-out
2009
RBS, Lloyds Get $51 Billion in Second Bank Bailout (Update6) - Bloomberg

Shit happens, and now it's Spain's turn.
Let's hope, that the Spanish won't fail as much as the Americans and Brits did with their banks.

Shit doesn't just happen. Irresponsible government legislation and oversight happens. When the people allow their politicians to constantly be paid off then shit happens.

you mean that everbody poops.

No, I mean the corruption of industrialized nations is exponentially larger than it was 20 years ago even. Of course systems will break when that is the case.

 

[Toro]

Same problem as ours: terrified of Greece, Spain, etc, defaulting because of their investments in our commercial and private security mortgage bundling, along with their citizens greed, similar to ours, individually and corporately and nationally, in not managing finances wisely.

Spain's banks are still in good shape. Their problem is perception. If Spain's citizens made a run on the bank..that WOULD be a problem.

But you are right about your first point.

Add in Greece took out loans to update and upgrade their military. Probably because in their twisted minds they want to make another try at Cyprus.

Spain's banks aren't strong. That's why Spanish sovereign spreads have been blowing out - the market thinks Spain is going to have bail out it's banks.