View Poll Results: Should the government Limit Executive Compensation for Bailout recipients?

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Thread: Should the government Limit Executive Compensation for Bailout recipients?

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    Should the government Limit Executive Compensation for Bailout recipients?

    WASHINGTON (Reuters) - President Barack Obama imposed tough new rules on Wednesday to rein in corporate pay, capping executive compensation at $500,000 a year for companies receiving taxpayer funds as he seeks to put the struggling U.S. economy onto a new foundation.
    Obama sets executive pay limits for bailout companies | Reuters

    Normally against government interference, I support this move. There should be consequences for taking this money.
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    Re: Should the government Limit Executive Compensation for Bailout recipients?

    Quote Originally Posted by Phoenix View Post
    Obama sets executive pay limits for bailout companies | Reuters

    Normally against government interference, I support this move. There should be consequences for taking this money.
    Yes I support this.

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    Re: Should the government Limit Executive Compensation for Bailout recipients?

    It sounds good on the surface, but what does it really mean?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)

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    Re: Should the government Limit Executive Compensation for Bailout recipients?

    Quote Originally Posted by American View Post
    It sounds good on the surface, but what does it really mean?
    It means they have an incentive to get off the gov. teet.

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    Re: Should the government Limit Executive Compensation for Bailout recipients?

    I think CEOs will think twice before asking the government for money if it's going to affect their paycheck.
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    Re: Should the government Limit Executive Compensation for Bailout recipients?

    Overcompensation should have been somehow stopped many years ago, but for some reason, was not.
    I like the idea of a 90% tax on overcompensation..
    There was one back in '49, one that I read about in an old almanac..
    The rich found an easy way around this, a legal tax evasion....Nothing was ever done about this.
    The law-makers write the laws to benefit themselves - screw the poor people - without time or resources to fight this..
    Some say that if a 90% tax were to be enforced, the rich SOBs would just move their corporations "off-shore".
    So we need a law against this as well.
    Then the corporations would just move legally to where the taxes are lowest..
    To counter this, our tax rate should be the same as others- then the corporations would stay home where they belong...
    So, a 90% tax rate should never be, as tempting as it may be....

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    Re: Should the government Limit Executive Compensation for Bailout recipients?

    I'll just say I agree with this...

    ...If a company is given a bail-out by the government(i.e. taxpayer money) then executive compensation should be limited. If shareholders want to pay their execs big bonuses for killing their business, thats none of my business. But there is no reason that the executive bonuses should be be handed out by the government, through the bail-out.
    "Loyalty only matters when there's a hundred reasons not to be-" Gen. Mattis

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    Re: Should the government Limit Executive Compensation for Bailout recipients?

    Quote Originally Posted by earthworm View Post
    Overcompensation should have been somehow stopped many years ago, but for some reason, was not.
    I like the idea of a 90% tax on overcompensation..
    "Overcompensation"?



    "Greed" = wanting more than you "need"
    "Need" = what a liberal thinks you should be allowed to have.

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    Re: Should the government Limit Executive Compensation for Bailout recipients?

    Quote Originally Posted by Phoenix View Post
    Obama sets executive pay limits for bailout companies | Reuters

    Normally against government interference, I support this move. There should be consequences for taking this money.
    I agree. Its no different than having stipulations for welfare. Welfare recipients should be under spending restrictions(no booze,smokes or illegal/recreational drugs) be required to be on birth control. Or if they started offering free college tuition it shouldn't be I used for idiotic courses that mostly do not aid in getting a job.I am watching these people on FOX talking/whining about how the government shouldn't limit or regulate pay,if these companies are getting bailed out by tax payers there should be all kind of strings attached to make sure that money is not being used for some golden parachute or some other frivolous nonsense that drove that company to beg us the tax payers for more help. Because as long as we don't impose any strings to be attached for receiving tax payer help they will use our money for golden parachutes, private jets and other nonsense.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Should the government Limit Executive Compensation for Bailout recipients?

    Quote Originally Posted by WI Crippler View Post
    I'll just say I agree with this...

    ...If a company is given a bail-out by the government(i.e. taxpayer money) then executive compensation should be limited. If shareholders want to pay their execs big bonuses for killing their business, thats none of my business. But there is no reason that the executive bonuses should be be handed out by the government, through the bail-out.
    I agree that bonuses should not be paid with taxpayer money, but what if the executive's regular pay is above $500k?

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