While I hate the bailout and the big paychecks these people get, I feel doing this will cause more problems. These CEO's are obviously greedy so I think if they get a slash from millions of dollars to a couple hundred thousands, they are going to try and compensate that amount they are loosing other ways. Either from stealing from the workers 401ks or just outright stealing from the company, I think they will not take it lying over. And then what, after that, a slap on the wrist? I just don't know what to say about this, except it's something everyone should have seen right at the beginning the bailout was first proposed. But oh no, our whole country was going to collapse unless we did that right away.
Abso-freakin-lutely. These executives pleaded with the government to bail them out and the government obliged them. Well guess what fat-cat, that's not the government's money, it's OUR money. WE will decide how much of a bonus your incompetent ass gets and if you don't like it...tough sh*t sweet heart. Maybe next time you'll think twice before running to the government.Should the government Limit Executive Compensation for Bailout recipients?
Oh, almost forgot, plus one for B-rock.
If a company needs a bail out it's CEO should probably be fired. Of course there should be government limit on compensation for bail out recipients. They've driven their company into the ground and now want to press the reset button. No. Your rewards are done guys. You can get your compensation once your company pays back our bail out money.
Originally Posted by SWM
I don't know. This is why we should never have gotten into the business of bailouts in the first place. The whole thing is ridiculous.
Yes, asking the taxpayers to socialize risk means that their free market worth is 500 grand by default.
Originally Posted by Jerry
I just don't know if we should cap their salary, but I am against bonuses being paid out using the bailout. Instead of paying bonuses with that money, how about paying some lower level employees so they can keep their jobs, and not end up on unemployment, effectivley doubling the damage you do to our country by paying bonuses to execs instead.
"Loyalty only matters when there's a hundred reasons not to be-" Gen. Mattis
Just realized how completely useless this move by Obama is. It doesn't apply to any company that has ALREADY RECEIVED a bail out. BOA, Wachovia, AIG, Well Fargo, all can keep their salaries. More pandering to the camera by Obama.
From the ashes.