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Thread: Administration seeks increase in oversight of executive pay

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    Administration seeks increase in oversight of executive pay

    Administration seeks increase in oversight of executive pay

    Administration seeks increase in oversight of executive pay - International Herald Tribune


    WASHINGTON: The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation, government officials said.

    The new rules will cover all financial institutions, including those not now covered by any pay rules because they are not receiving U.S. government bailout money. Officials say the rules could also be applied more broadly to publicly traded companies, which already report about some executive pay practices to the Securities and Exchange Commission. Last month, as part of the stimulus package, Congress barred top executives at large banks getting rescue money from receiving bonuses exceeding one-third of their annual pay.



    So if I am that bank in Alaska that is doing well. Obama needs to come in and tell me how to run my business?


    Are we really at the point where government is the answer to all problems?
    Let evil swiftly befall those who have wrongly condemned us

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    Re: Administration seeks increase in oversight of executive pay

    Quote Originally Posted by Reverend_Hellh0und View Post

    Are we really at the point where government is the answer to all problems?
    For the next four years we are unless we can get a check in Obama's power next year.
    Jackboots always come in matched pairs, a left boot and a right boot.

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    Re: Administration seeks increase in oversight of executive pay

    I have been saying for years that executive compensation is ridiculous and out of all proportion to their worth to the company... but this is certainly not a solution that I would have advocated.

    On what grounds can the government exercise "oversight" over compensation in companies that have not received government funds? I am all in favor of tighter regulations, especially in the finance "industry", but there's no good reason for the government to start dictating salaries.

    Or for the people to allow them this intrusion.

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    Re: Administration seeks increase in oversight of executive pay

    Quote Originally Posted by Reverend_Hellh0und View Post
    So if I am that bank in Alaska that is doing well. Obama needs to come in and tell me how to run my business?


    Are we really at the point where government is the answer to all problems?
    Seems so.

    That is what people voted for whether they knew it or not.
    Now it's time to feast on the excrement he lofts to us.

    Yes We Can... eat ****.

    Obama revealed his Marxist roots when he ran.
    To anyone with half a brain, they'd have realized this guy is The Real Slim Shady.

    And just think... this is only the beginning.

    .
    Last edited by zimmer; 03-22-09 at 01:24 PM.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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    Re: Administration seeks increase in oversight of executive pay

    Quote Originally Posted by Korimyr the Rat View Post
    I have been saying for years that executive compensation is ridiculous and out of all proportion to their worth to the company... but this is certainly not a solution that I would have advocated.
    As far as I am concerned, what a private company does is it's own business. If they want to give millions to someone, that's their business not ours.

    Quote Originally Posted by Korimyr the Rat View Post
    On what grounds can the government exercise "oversight" over compensation in companies that have not received government funds?
    The angle Obama and Co. are using is that these companies are part of the foundation of our economy, and we cannot allow another economic crisis caused by "bad decisions".

    Quote Originally Posted by Korimyr the Rat View Post
    I am all in favor of tighter regulations, especially in the finance "industry", but there's no good reason for the government to start dictating salaries.
    Government knows best.

    Quote Originally Posted by Korimyr the Rat View Post
    Or for the people to allow them this intrusion.
    People are stupid, they allow themselves to be lead by the nose as long as they have their TV's, cars, houses and Sunday football... they don't care anymore.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Administration seeks increase in oversight of executive pay

    Quote Originally Posted by Reverend_Hellh0und View Post
    So if I am that bank in Alaska that is doing well. Obama needs to come in and tell me how to run my business?


    Are we really at the point where government is the answer to all problems?
    He is certainly an odd amalgamation of some fascist and international socialist tendencies.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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