Obama sees executive pay rules as next financial reform: report

Discussion in 'Politics' started by Matthew, Oct 26, 2012.

  1. Matthew
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    Matthew Blue dog all the way!

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    Obama sees executive pay rules as next financial reform: report
    Yahoo!/Reuters ^ | October 25, 2012

    Obama sees executive pay rules as next financial reform: report - Yahoo! News

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    Wow, this fucker wants to control the private sector. Why not do what China does? :eusa_whistle:
     
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  2. Matthew
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    Matthew Blue dog all the way!

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    China is becoming more free
    America is becoming less

    We must vote Obama out.
     
  3. Matthew
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    Matthew Blue dog all the way!

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    If this SOB wins reelection you're going to find out why I think he's a socialist. This right here is pure socialism.
     
  4. Matthew
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    Matthew Blue dog all the way!

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    It wouldn't surprise me if he comes out being a lot like the president of France next term. Please god vote him out.
     
  5. Kiki Cannoli
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    Kiki Cannoli Have you met my shadow?

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    The issue is tjat some of these highly paid execs make their money off the risky investments by others. However the investor can lose yet the execs pay remains the same. Sharing the risk doesnt seem all that unreasonable to me.
     
  6. Claudette
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    Claudette Gold Member

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    Well its none of Barrys business how the private sector pays its executives. I LMAO to think he thinks its something he or Govt has a say in. Moron.

    Perhaps he should get rid of a couple of hundred thousand useless Fed Govt workers. That he can control.

    Think how much of our hardearned tax dollars that would save.
     
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  7. Saigon
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    Saigon Gold Member

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    Matthew "forgot" to include this section of the story:

    "Such changes are not entirely up to passing laws in Washington and may require shareholders or company directors to act, Obama said. Changes to the executive compensation system cannot entirely be legislated, he said."

    I'm not sure how it can be done, but I think all sane people would support any move which stops investment bankers making millions of dollars out of shorting other companies into bankruptcy.
     
  8. Matthew
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    Matthew Blue dog all the way!

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    We're falling in economic freedom and this idiot wants to tie it down more? This president has already harmed this nation quite enough.
     
  9. editec
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    editec Mr. Forgot-it-All

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    If the tax payers had to BAIL OUT a bank to keep it from going down?

    Then of course the taxpayers ought to have the right to question the compensation for executives who so badly screwed the pooch.
     
  10. JoeB131
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    JoeB131 Gold Member

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    Sounds great.

    How many jobs have been lost because CEO's took risks to pad their eight figure bonuses?
     
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  11. Stephanie
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    Stephanie Gold Member

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    Awww, we all should be thrilled that Obama is so worried about what others pay is and wants to tackle that like all good little dictators would..

    my gawd people how much more do you NEED TO SEE?
     
  12. JoeB131
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    JoeB131 Gold Member

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    I'd like to see these big corporations that take ridiculous risks be kept under control.

    The CEO's lost the right to bitch about it when they went hat in hand to the Feds in 2008 and asked the rest of us to bail them out when their schemes all backfired. You can't insist on capitalized gain if you are insisting on socialized risk.
     
  13. Toro
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    Toro Gold Member

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    I agree that corporate governance in America is awful. We should change the laws so shareholders have more say on how companies are run like they do in Scandinavia.

    However, it's silly to say that companies are shorted into bankruptcy. Companies go bankrupt because they can't pay their debts. AIG, Lehman, Freddie and Fannie, Enron et al went under because they were too highly levered, not because of short selling.
     
  14. JoeB131
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    JoeB131 Gold Member

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    better plan. When these guys crash their companies, they are charged, tried in front of a jury of 12 guys who lost their jobs and houses, and put in big-boy prison (not Club Fed) with the murderers and rapists.

    If it's good enough for the Weed sellers, it's good enough for the Corporate crooks.
     
  15. Toro
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    Toro Gold Member

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    Da Komrad!

    The world owes you a living. Never forget that.
     
  16. Papageorgio
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    Papageorgio The Ultimate Winner

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    The investor can research and pull its investments anytime.
     
  17. JoeB131
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    JoeB131 Gold Member

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    Why should there be a different set of justice for the rich?

    Why should Ken Lay and Bernie Madoff go to Club Fed and the kid who stuck up a liqour store go to big boy prison?

    Why do you guy think deterence works for every other crime but corporate crime.

    "Poor baby. We need to give you a bailout, which you'll pay back by squeezing your customers, and you get to keep your bonus and stock options."

    Just don't see how that discourages them from doing it again...
     
  18. Stephanie
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    Stephanie Gold Member

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    You want to live in some utopia where others are FORCED to give you what you think you need or are worth and have the Government FORCE them to give it to you..you are one scary person
     
  19. Toro
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    Toro Gold Member

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    You seem to think bankrupting a company is a crime unto itself. It's not. You seem to have a hard time understanding this very simple concept. If CEOs committed fraud or stole or broke the law, then they should be prosecuted. But business decisions causing companies to lose money and lay off workers is not a crime. At least not here in America. Maybe it is in Cuba or N Korea. Perhaps you'd feel more comfortable there, komrade.
     
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  20. Moonglow
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    Moonglow Gold Member

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    so you big execs pay supporters have no problem paying the retiremnet funds that they play with and loose, much like taxpayers pay when bankers loose monies through bad investments. Because you do.
     

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