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Thread: Administration: Rein in pay in US private sector

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    Administration: Rein in pay in US private sector

    WASHINGTON (AP) -- The Obama administration says executive compensation must be better managed to prevent the sort of risk-taking that jeopardizes the economy.

    Gene Sperling, who advises Treasury Secretary Timothy Geithner, said Thursday the administration does not want to impose caps on executive pay. But he also laid out for the House Financial Services Committee a list of guidelines calling on publicly-held companies to link compensation to long-term performance, not short-term gains.

    Sperling said in prepared testimony that the administration believes compensation practices "must be better aligned with long-term value and prudent risk management at all firms, and not just for the financial services industry."
    Administration: Rein in pay in US private sector - Yahoo! Finance

    Obama knows best children.

    Isn't government... telling private business how to operate.. just a bit fascist?

    In the economic sphere, many fascist leaders have claimed to support a "Third Way" in economic policy, which they believed superior to both the rampant individualism of unrestrained capitalism and the severe control of state communism.[10][11] This was to be achieved by a form of government control over business and labour (called "the corporate state" by Mussolini).[12][13] No common and concise definition exists for fascism and historians and political scientists disagree on what should be in any concise definition.[14]
    [ame=http://en.wikipedia.org/wiki/Fascism]Fascism - Wikipedia, the free encyclopedia[/ame]


    Why.. yes Obama does seem to be economically.. quite the Fascist minded President.
    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: Rein in pay in US private sector

    Quote Originally Posted by MrVicchio View Post
    Isn't government... telling private business how to operate.. just a bit fascist?
    Giving a suggestion is not the same as telling them what to do.

    Even in the article you quote is says:

    the administration does not want to impose caps on executive pay.

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    Re: Administration: Rein in pay in US private sector

    That darn Obama administration offering suggestions....

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    Re: Administration: Rein in pay in US private sector

    ^^Hoover did the same thing and ruined the country for a few years.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Administration: Rein in pay in US private sector

    Quote Originally Posted by Redress View Post
    That darn Obama administration offering suggestions....
    Well, since it's no Administration's business what pay is offered in the private sector for any job, yeah, Dear Leader and Tiny Tim need to shut up about pay.

    Such "suggestions" are not needed and are most assuredly are not helpful.

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    Re: Administration: Rein in pay in US private sector

    Quote Originally Posted by celticlord View Post
    Well, since it's no Administration's business what pay is offered in the private sector for any job, yeah, Dear Leader and Tiny Tim need to shut up about pay.

    Such "suggestions" are not needed and are most assuredly are not helpful.
    Ah yes, so the private sector is above criticism and no suggestions shall be taken or given in regards to that.

    Sounds like conservatives are the ones acting Fascist saying that Obama is not allowed to make suggestions.

    The 3rd Reich (AKA conservative movement) has spoken and Obama should obey.

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    Re: Administration: Rein in pay in US private sector

    Quote Originally Posted by celticlord View Post
    Well, since it's no Administration's business what pay is offered in the private sector for any job, yeah, Dear Leader and Tiny Tim need to shut up about pay.

    Such "suggestions" are not needed and are most assuredly are not helpful.
    There is nothing, absolutely nothing wrong with suggesting that the pay model might be flawed. The administration is within their rights, and no harm has come of this. Look past your partisan blinders once in awhile.

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    Re: Administration: Rein in pay in US private sector

    Quote Originally Posted by Redress View Post
    That darn Obama administration offering suggestions....
    Suggestions are fine. You really think they'll stop at just "suggesting".

    You ARE drinking that kool aide ain't ya?
    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: Rein in pay in US private sector

    Quote Originally Posted by TheNextEra View Post
    Ah yes, so the private sector is above criticism and no suggestions shall be taken or given in regards to that.
    No, O and Co. don't have the first clue how to run businesses and should STFU when it comes to telling them how to operate.

    Quote Originally Posted by TheNextEra View Post
    Sounds like conservatives are the ones acting Fascist saying that Obama is not allowed to make suggestions.

    The 3rd Reich (AKA conservative movement) has spoken and Obama should obey.
    Wow, you are weak today aren't you? You miss the point here, Obama has made it clear he wants to control pay, and with you lefties it always starts out with "suggestions" and then it becomes a court ordered affair when you don't get your way.
    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: Rein in pay in US private sector

    Quote Originally Posted by MrVicchio View Post
    You really think they'll stop at just "suggesting".
    YES. Anything otherwise is just paranoia from the right.

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