Obama sees executive pay rules as next financial reform: report

[JoeB131]

Yawn, guy.

Fact is, the Romanovs and you probably had much in common. Just ignore the problems, everything is fine as long as we have our palaces...

 

[Two Thumbs]

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

WASHINGTON (Reuters) - President Barack Obama said in an interview released on Thursday that the next important step for making the financial sector safer is to make sure executive pay is less closely tied to risky bets.

In an interview to be published on Friday in Rolling Stone magazine, Obama said that despite passage of Dodd-Frank financial reform legislation, there is more to be done to make financial markets safe after the damage caused by the crisis of 2007-2009.

"The single biggest thing that I would like to see is changing incentives on Wall Street and how people get compensated," Obama said. It's questionable, even after enactment of Dodd-Frank reforms, that those incentives have completely been changed, he added.

The Rolling Stone interview stirred controversy because of the president's use, at one point, of a barnyard epithet that some saw as an attack on Republican Mitt Romney.

The White House did not dispute the remarks but a re-election campaign official stressed that the comments were "part of a casual conversation at the end of the interview." The wide-ranging interview covers Obama's first term, what he views as his biggest accomplishments and his fierce fight with Romney for the White House.

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Wow, this ****** wants to control the private sector. Why not do what China does?

He wants to control how people get compensated.

That's blatant tyranny.

w/o reading single post, I will bet my avi for a week that every liberal and all but one middler supports this.

 

[Two Thumbs]

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.

Don't like the risk...don't make the investement.

I wonder what Obama did for the Solyndra investors ?

He invested our money in another company that failed.

And didn't even bother to apologize.

not that he cares, or doesn't intend to waste our money

 

[JoeB131]

He wants to control how people get compensated.

That's blatant tyranny.

w/o reading single post, I will bet my avi for a week that every liberal and all but one middler supports this.

Except this is actually how much of the rest of the world operates, guy.

Only in America do we really think that CEO's deserve to get 475 times what line workers get for mediocre performance.

 

[Two Thumbs]

DARNIT

Not a single liberal bothered with disappointing me.

color me not shocked

 

[copsnrobbers]

China is becoming more free
America is becoming less

We must vote Obama out.

The entire Democratic Party has to go down.

 

[JoeB131]

DARNIT

Not a single liberal bothered with disappointing me.

color me not shocked

Why would they?

In fact, I haven't heard a sane defense yet of 8 figure CEO pay yet.

Other than, "Mine, mine, mine, mine, mine!"

 

[Two Thumbs]

He wants to control how people get compensated.

That's blatant tyranny.

w/o reading single post, I will bet my avi for a week that every liberal and all but one middler supports this.

Except this is actually how much of the rest of the world operates, guy.

Only in America do we really think that CEO's deserve to get 475 times what line workers get for mediocre performance.

aww, poor baby needs his obamamy to make it ALLLL Better!

liberals cheer the downfall of freedom, then try to claim they are like the Founding Fathers.

sad really, and very pathetic

 

[JoeB131]

[

aww, poor baby needs his obamamy to make it ALLLL Better!

liberals cheer the downfall of freedom, then try to claim they are like the Founding Fathers.

sad really, and very pathetic

Ooooh... "Freedom" Right.

Let me get my "Conservatard to English Dictionary"

"Freedom- the right of the rich to act like complete douchebags without any regard to the well-being of society or the country."

 

[Two Thumbs]

DARNIT

Not a single liberal bothered with disappointing me.

color me not shocked

Why would they?

In fact, I haven't heard a sane defense yet of 8 figure CEO pay yet.

Other than, "Mine, mine, mine, mine, mine!"

b/c you bleat about freedoms, then scream to have them taken away.

But that's the standard hypocrissy.

 

[Two Thumbs]

[

aww, poor baby needs his obamamy to make it ALLLL Better!

liberals cheer the downfall of freedom, then try to claim they are like the Founding Fathers.

sad really, and very pathetic

Ooooh... "Freedom" Right.

Let me get my "Conservatard to English Dictionary"

"Freedom- the right of the rich to act like complete douchebags without any regard to the well-being of society or the country."

well duh

When it comes to freedom, we take the good with the bad.

Big government fails every time, yet liberals insist on trying it here.

 

[JoeB131]

DARNIT

Not a single liberal bothered with disappointing me.

color me not shocked

Why would they?

In fact, I haven't heard a sane defense yet of 8 figure CEO pay yet.

Other than, "Mine, mine, mine, mine, mine!"

b/c you bleat about freedoms, then scream to have them taken away.

But that's the standard hypocrissy.

Isn't an issue of "Freedom" guy.

Corporations are legal entities, subject to the laws and can only exist due to what the rest of us allow.

The "Freedom" argument went out the window the minute these guys insisted their corporations were "Too big to fail" and needed public bailouts.

We're all socialists, now.

 

[JoeB131]

[

well duh

When it comes to freedom, we take the good with the bad.

Big government fails every time, yet liberals insist on trying it here.

Guy, don't get high on your own supply.

Government does most of what it's tasked to do pretty successfully. The roads are paved, the police respond to emergencies, the military does its functions, etc.

Simply no reason why CEO's should get 475 times what a line worker gets. Simply no reason they should get an 8 figure salary when they had to go to government for a bailout.

 

[Two Thumbs]

Why would they?

In fact, I haven't heard a sane defense yet of 8 figure CEO pay yet.

Other than, "Mine, mine, mine, mine, mine!"

b/c you bleat about freedoms, then scream to have them taken away.

But that's the standard hypocrissy.

Isn't an issue of "Freedom" guy.

Corporations are legal entities, subject to the laws and can only exist due to what the rest of us allow.

The "Freedom" argument went out the window the minute these guys insisted their corporations were "Too big to fail" and needed public bailouts.

We're all socialists, now.

sweet

When does my rent get paid?

nah, not playing along.


At no point does anyone give up freedom just b/c the government gave them money.

If that was true, we could tell people on welfare how to act, or else.

so, you failed again by talking to much.

 

[Two Thumbs]

[

well duh

When it comes to freedom, we take the good with the bad.

Big government fails every time, yet liberals insist on trying it here.

Guy, don't get high on your own supply.

Government does most of what it's tasked to do pretty successfully. The roads are paved, the police respond to emergencies, the military does its functions, etc.

Simply no reason why CEO's should get 475 times what a line worker gets. Simply no reason they should get an 8 figure salary when they had to go to government for a bailout.

Im not surprised to learn that you hate freedom, and want the government to control everything.

Even to the point that you are willing to lie, publicly about the effectiveness of the government.

 

[JoeB131]

b/c you bleat about freedoms, then scream to have them taken away.

But that's the standard hypocrissy.

Isn't an issue of "Freedom" guy.

Corporations are legal entities, subject to the laws and can only exist due to what the rest of us allow.

The "Freedom" argument went out the window the minute these guys insisted their corporations were "Too big to fail" and needed public bailouts.

We're all socialists, now.

sweet

When does my rent get paid?

nah, not playing along.


At no point does anyone give up freedom just b/c the government gave them money.

If that was true, we could tell people on welfare how to act, or else.

so, you failed again by talking to much.

Ummm, guy, we do tell people on welfare how to act.

So if we can tell folks on Welfare how to act, we should tell CEO's how to act, too.

Seems reasonable to me.

 

[Two Thumbs]

Isn't an issue of "Freedom" guy.

Corporations are legal entities, subject to the laws and can only exist due to what the rest of us allow.

The "Freedom" argument went out the window the minute these guys insisted their corporations were "Too big to fail" and needed public bailouts.

We're all socialists, now.

sweet

When does my rent get paid?

nah, not playing along.


At no point does anyone give up freedom just b/c the government gave them money.

If that was true, we could tell people on welfare how to act, or else.

so, you failed again by talking to much.

Ummm, guy, we do tell people on welfare how to act.

So if we can tell folks on Welfare how to act, we should tell CEO's how to act, too.

Seems reasonable to me.

link

 

[JoeB131]

Welfare Reform in the United States Requires Welfare Recipients to Go to Work

The Welfare Reform Act
The Personal Responsibility and Work Opportunity Reconciliation Act of 1996 -- A.K.A. "The Welfare Reform Act" -- represents the federal government's attempt to reform the welfare system by "encouraging" recipients to leave welfare and go to work, and by turning over primary responsibility for administering the welfare system to the states.

Under the Welfare Reform Act, the following rules apply:


•Most recipients are required to find jobs within two years of first receiving welfare payments.


•Most recipients are allowed to receive welfare payments for a total of no more than five years.


•The states are allowed to establish "family caps" that prevent mothers of babies born while the mother is already on welfare from receiving additional benefits.

 

[Two Thumbs]

Welfare Reform in the United States Requires Welfare Recipients to Go to Work

The Welfare Reform Act
The Personal Responsibility and Work Opportunity Reconciliation Act of 1996 -- A.K.A. "The Welfare Reform Act" -- represents the federal government's attempt to reform the welfare system by "encouraging" recipients to leave welfare and go to work, and by turning over primary responsibility for administering the welfare system to the states.

Under the Welfare Reform Act, the following rules apply:


•Most recipients are required to find jobs within two years of first receiving welfare payments.


•Most recipients are allowed to receive welfare payments for a total of no more than five years.


•The states are allowed to establish "family caps" that prevent mothers of babies born while the mother is already on welfare from receiving additional benefits.

TWO years to find a job?!?!??!

Can't get it for more than FIVE!

And we won't pay for more kids once you are on.



******* fail

Where's the requirement to pay all the money back with interest?
or stay off drugs
or be married so your kids don't end up all fucked up
or wear your pants over your ass
or not buying useless shit if you are living on other peoples money?

That's control.

 

[JoeB131]

Seems to me that is more control than we are putting over CEO's when they get our money.

I would also remark that your recitation of cliche's about folks on welfare just add to your racial obsessions...