Page 1 of 3 123 LastLast
Results 1 to 10 of 27

Thread: U.S. Plans to Curb Executive Pay for Bailout Recipients

  1. #1
    Banned
    Join Date
    Sep 2008
    Location
    New York, NY
    Last Seen
    08-26-09 @ 09:30 AM
    Gender
    Lean
    Liberal
    Posts
    676

    Thumbs up U.S. Plans to Curb Executive Pay for Bailout Recipients

    Does anyone think this is not good news? Do the Republicans in this Forum disagree with Obama on this move? How do you guys spin this to make it look like Obama is wrong?

    U.S. Plans to Curb Executive Pay for Bailout Recipients

    By EDMUND L. ANDREWS and VIKAS BAJAJ - The NY Times
    Published: February 3, 2009

    WASHINGTON The Obama administration is expected to impose a cap of $500,000 for top executives at companies that receive large amounts of bailout money, according to people familiar with the plan.

    President Obama and Treasury Secretary Timothy F. Geithner will announce the executive compensation plan on Wednesday at 11 a.m.

    Executives would also be prohibited from receiving any bonuses above their base pay, except for normal stock dividends.

    The new rules would be far tougher than any restrictions imposed during the Bush administration,
    and they could force executives in the months ahead to accept deep reductions in their current pay.
    http://www.nytimes.com/2009/02/04/bu...y.html?_r=1&hp

  2. #2
    Girthless
    RightinNYC's Avatar
    Join Date
    Mar 2005
    Location
    New York, NY
    Last Seen
    01-23-11 @ 11:56 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    25,894

    Re: U.S. Plans to Curb Executive Pay for Bailout Recipients

    Perfect example of populist pandering to the lowest common denominator.

    Okay, so they're going to limit "executives" of "bailout recipients" to $500k, not counting stock dividends.

    1) What counts as an "executive"?
    2) By "bailout recipient," do they mean every company that gets any money at all, or just the ones that were otherwise going under?

    I'm going to laugh my ass off if this turns out to apply to around 20 people, while 10 million people who couldn't be bothered to think beyond the headline bray about how Obama is changing America and cleaning up Wall Street.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

  3. #3
    Human 2.0
    Maximus Zeebra's Avatar
    Join Date
    Dec 2006
    Location
    Western Europe
    Last Seen
    09-07-17 @ 10:19 PM
    Gender
    Lean
    Independent
    Posts
    6,568

    Cautiously Capping Executive Pay

    Cautiously Capping Executive Pay - Forbes.com

    Wow, this is somewhat extraordinary.. What do you think of a pay gap of 500.000 for companies bosses which have run "badly run" companies? Deserved or insane?
    Europe is illegally occupied by the US

  4. #4
    Guru

    Join Date
    Mar 2007
    Last Seen
    12-08-17 @ 01:57 AM
    Lean
    Undisclosed
    Posts
    4,469

    Re: Cautiously Capping Executive Pay

    I think it's great. It will hasten the demise of the companies that go begging the government for bailout money.

    It gives those companies that do not get bailout money a hugh advantage in getting the good executives of the companies that do get bailout money to jump ship.

  5. #5
    Familiaist


    Join Date
    Mar 2005
    Location
    North Carolina
    Last Seen
    11-16-16 @ 09:36 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    7,470

    Re: Cautiously Capping Executive Pay

    It might just help by getting rid of those who just want to make large bank on the profits of the company, and replace them with people who will take the modest check and actually see the company succeed.

    IMHO
    "I do not underestimate the ability of fanatical groups of terrorists to kill and destroy, but they do not threaten the life of the nation. Whether we would survive Hitler hung in the balance, but there is no doubt that we shall survive al-Qa'ida." -- Lord Hoffmann

  6. #6
    Professor
    WillRockwell's Avatar
    Join Date
    Jan 2009
    Last Seen
    07-10-10 @ 09:48 AM
    Gender
    Lean
    Undisclosed
    Posts
    1,950

    Re: Cautiously Capping Executive Pay

    Most of those guys literally could not live on $500,000. Their nut is over a million.

  7. #7
    Familiaist


    Join Date
    Mar 2005
    Location
    North Carolina
    Last Seen
    11-16-16 @ 09:36 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    7,470

    Re: Cautiously Capping Executive Pay

    Quote Originally Posted by WillRockwell View Post
    Most of those guys literally could not live on $500,000. Their nut is over a million.
    Obama's pissed of the gun-ho states, and the executive billionaires.

    hahah, this is getting funny.
    "I do not underestimate the ability of fanatical groups of terrorists to kill and destroy, but they do not threaten the life of the nation. Whether we would survive Hitler hung in the balance, but there is no doubt that we shall survive al-Qa'ida." -- Lord Hoffmann

  8. #8
    Guru

    Join Date
    Mar 2007
    Last Seen
    12-08-17 @ 01:57 AM
    Lean
    Undisclosed
    Posts
    4,469

    Re: Cautiously Capping Executive Pay

    Quote Originally Posted by Arch Enemy View Post
    It might just help by getting rid of those who just want to make large bank on the profits of the company, and replace them with people who will take the modest check and actually see the company succeed.

    IMHO
    So you think someone should stay with a company that is in trouble and begging for tax payer money even when they can get significantly high compensation by moving to a company that is not in trouble. I'm sure, if you were given that choice, you would forego the money and stay with the sinking ship.

    In this, as in most things, you get what you pay for. If the good executives bail and the bad ones stay it will be a good thing even though the tax payers will have to eat the losses when the companies ultimately fail.

  9. #9
    Familiaist


    Join Date
    Mar 2005
    Location
    North Carolina
    Last Seen
    11-16-16 @ 09:36 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    7,470

    Re: Cautiously Capping Executive Pay

    Quote Originally Posted by TOJ View Post
    So you think someone should stay with a company that is in trouble and begging for tax payer money even when they can get significantly high compensation by moving to a company that is not in trouble. I'm sure, if you were given that choice, you would forego the money and stay with the sinking ship.

    In this, as in most things, you get what you pay for. If the good executives bail and the bad ones stay it will be a good thing even though the tax payers will have to eat the losses when the companies ultimately fail.
    It depends on if the company meant anything to me or not.
    "I do not underestimate the ability of fanatical groups of terrorists to kill and destroy, but they do not threaten the life of the nation. Whether we would survive Hitler hung in the balance, but there is no doubt that we shall survive al-Qa'ida." -- Lord Hoffmann

  10. #10
    Guru

    Join Date
    Mar 2007
    Last Seen
    12-08-17 @ 01:57 AM
    Lean
    Undisclosed
    Posts
    4,469

    Re: Cautiously Capping Executive Pay

    Quote Originally Posted by Arch Enemy View Post
    It depends on if the company meant anything to me or not.
    What exactly would a company mean to you unless you are a founder or relative or close friend of a founder?

Page 1 of 3 123 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •