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Thread: Citigroup Investors Reject Pay Plan

  1. #11
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    Re: Citigroup Investors Reject Pay Plan

    Quote Originally Posted by mbig View Post
    I see no problem with the salaries they want/make.
    Many are worth multiples of it, many nothing.
    Hedge Fundies routinely make Tens/Hundreds of millions a year.
    Why should the head of Citi make less than an a Guard for the Cleveland Cavs?

    What they are worth to society is less clear (er, clearly less) and can then be regulated by means of the Buffett Rule, or Buffett Rule+.
    The latter being say a 50% rate on income over $5 million per year.
    You know, the way it was, actually far less punitive, than from the 1930's until Reagan, with 70%-90% Top rates. (when we were 'socialist' and had a thriving middle class)

    None of them are worth what they are being paid...

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    Re: Citigroup Investors Reject Pay Plan

    Quote Originally Posted by lpast View Post
    None of them are worth what they are being paid...
    No offense, but since you aren't the CEO or board member of a multi-national corporation, I'm afraid you're unqualified to judge.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


  3. #13
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    Re: Citigroup Investors Reject Pay Plan

    Quote Originally Posted by tessaesque View Post
    No offense, but since you aren't the CEO or board member of a multi-national corporation, I'm afraid you're unqualified to judge.
    True as that is...I stand by no one person runs a company...and no one is worth lots of millions....and investors seem to be realizing that.
    The far right cant tell me public workers are overpaid....then defend those running companies that have to take OUR bailout money to survive making millions upon millions....that kind of fail doesnt compute with me.

  4. #14
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    Re: Citigroup Investors Reject Pay Plan

    Quote Originally Posted by lpast View Post
    Hopefully all shareholders will start rejecting these Huge salaries and bonus packages for CEOs especially those that fail.


    At an otherwise-placid annual shareholder meeting, Citigroup Inc.’s

    shareholders dealt a blow to management and the board by rejecting ratification of the bank’s executive-compensation proposal. At Tuesday’s meeting, held outside of New York City for the first time, 45% of votes cast approved the proposal put forward by the board to approve executive compensation for five of the top executives whose compensation must be disclosed. The vote was required by law.

    Citi Shareholders Reject Pay Proposal - Wall Street News online coverage of breaking news and current headlines from the US and around the world. Top stories, photos, videos, detailed analysis and in-depth reporting. - Wall Street News
    Yay!!!!!!!!!!!!!!!!!!!!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Citigroup Investors Reject Pay Plan

    Honestly, thats how its supposed to work. Stockholders should be deciding what the executive board is worth.

  6. #16
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    Re: Citigroup Investors Reject Pay Plan

    Quote Originally Posted by tessaesque View Post
    No offense, but since you aren't the CEO or board member of a multi-national corporation, I'm afraid you're unqualified to judge.
    Only the very wealthy should decide what the very wealthy are worth!
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Citigroup Investors Reject Pay Plan

    Quote Originally Posted by Deuce View Post
    Only the very wealthy should decide what the very wealthy are worth!
    I can tell you that congress damn sure shouldnt do it, but protecting individual investors with open disclosure laws and votes on executive compensation is a good safeguard. Executives should be answerable to stock holders as a whole, not the board only.

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