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Administration Seeks Increase in Oversight of Executive Pay

Renae

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Obama will call for increased oversight of 'executive pay at all banks, Wall Street firms and possibly other companies' as part of sweeping plan to 'overhaul financial regulation', NY TIMES reporting Sunday, newsroom sources tell DRUDGE... Developing...
DRUDGE REPORT 2009®

We'll have to wait and see the stories, but herr Obama wants full control over the private sector... it's time for a revolt before we all end up in chains.

http://www.nytimes.com/2009/03/22/us/politics/22regulate.html?hp
 
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Re: Regulate!

Personally, I'd be far more concerned about the Congress thinking it has the authority to change the tax code retroactively and use it to punish people.

If they'd exercised more oversight, including oversight into how it spends our tax money, none of this would be an issue right now.
 
Re: Regulate!

The rampant corporate sector was what lead to the economic crisis, now we are seeing overcompensation for that fact. I think in the long term it will balance out.
 
Re: Regulate!

The rampant corporate sector was what lead to the economic crisis, now we are seeing overcompensation for that fact. I think in the long term it will balance out.

Really? You think that's what was the cause? Nothing to do with Government demands to make piss poor business decisions played into it? Really?

And yes, Korm, the retro-attack-tax they just passed should have riots in the streets... But most Americans are too stupid to realize they should be angry about that.
 
Re: Regulate!

it's time for a revolt before we all end up in chains.

The time for revolt was oh-so long ago. I think it is time for you to wake up, and realize that these chains you speak of are nothing new. It's sorta how government works, limitation of what the population can do in order to "protect it". The only thing you will find that is different, between each government, is the language that is being used... they all have the same intent, to make a struggle for power.

As I've been saying, the struggles and conflicts will never cease, regardless of whether a revolt occurs or not; remember that this government that you are complaining about restricting us, used to be the revolution. Just be thankful that our struggles and conflicts end only in broken feelings, tears, and jeers, instead of broken legs, bloody lips, and death.
 
Re: Regulate!

The time for revolt was oh-so long ago. I think it is time for you to wake up, and realize that these chains you speak of are nothing new. It's sorta how government works, limitation of what the population can do in order to "protect it". The only thing you will find that is different, between each government, is the language that is being used... they all have the same intent, to make a struggle for power.

As I've been saying, the struggles and conflicts will never cease, regardless of whether a revolt occurs or not; remember that this government that you are complaining about restricting us, used to be the revolution. Just be thankful that our struggles and conflicts end only in broken feelings, tears, and jeers, instead of broken legs, bloody lips, and death.

It's time for the broken legs, bloody lips and death. You guys don't get it do you? This isn't a game anymore. This bloody moron wants to control EVERYTHING.

Do you think the impending Cap-and-Trade is about the environment?
Do you REALLY think the UHC move is to help people?
Let's say you owned a business, guess what, Herr Obama wants to take that control away from you, and PUNISH you for that.

This isn't theory people, this isn't a joke.. it's happening, and people are really that blind to it?

The government is on the verge of negating the Constitution by taxing "bonus pay" IT AUTHORIZED and targeting individuals. Yeah think about that.

Why are people so complacent? I just don't get it.
 
Re: Regulate!

It's time for the broken legs, bloody lips and death. You guys don't get it do you? This isn't a game anymore. This bloody moron wants to control EVERYTHING.

Do you think the impending Cap-and-Trade is about the environment?
Do you REALLY think the UHC move is to help people?
Let's say you owned a business, guess what, Herr Obama wants to take that control away from you, and PUNISH you for that.

This isn't theory people, this isn't a joke.. it's happening, and people are really that blind to it?

The government is on the verge of negating the Constitution by taxing "bonus pay" IT AUTHORIZED and targeting individuals. Yeah think about that.

Why are people so complacent? I just don't get it.

You too can be a part of the solution. THE912PROJECT.COM
 
Re: Regulate!

YouTube - Rahm Emanuel: You never want a serious crisis to go to waste

The rampant corporate sector was what lead to the economic crisis, now we are seeing overcompensation for that fact. I think in the long term it will balance out.
Fannie and Freddie.
Government operated.
Government... LOL... oversight.

Mr. BUFFETT: Well, it's really an incredible case study in regulation
because something called OFHEO was set up in 1992 by Congress, and the solejob of OFHEO was to watch over Fannie and Freddie, someone to watch over them.

And they were there to evaluate the soundness and the accounting and all of
that. Two companies were all they had to regulate. OFHEO has over 200
employees now. They have a budget now that's $65 million a year, and all they have to do is look at two companies
. I mean, you know, I look at more than two companies.

QUICK: Mm-hmm.

Mr. BUFFETT: And they sat there, made reports to the Congress, you can get
them on the Internet, every year. And, in fact, they reported to Sarbanes and Oxley every year.

And they went--wrote 100 page reports, and they said, `We've looked at these people and their standards are fine and their directors are fine and everything was fine.'

And then all of a sudden you had two of the greatest accounting misstatements in history.

You had all kinds of management malfeasance, and it all came out. And, of course, the classic thing was that after it all came out, OFHEO wrote a 350--340 page report examining what went wrong, and they blamed the management, they blamed the directors, they blamed the audit committee. They didn't have a word in there about themselves, and they're the ones that 200 people were going to work every day with just two companies to think about.

It just shows the problems of regulation.

Perhaps, at 65 million a year for about 17-years we can ask these people for our money back. The 1.1 Billion they flushed down the capper.

Seeing as it is a new American Tradition, we should go to the offenders houses and picket for the money.

I think we should start with Raines, Gorelick, Dodd, Frank, and Waters... and the 200 employees working at the OFHEO and their predecessors.

.
 
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Re: Regulate!

Why are people so complacent? I just don't get it.

The American people get the government they deserve, and they've been getting the government they deserve for at least the last thirty years-- if not the last hundred and thirty.

As far as I am concerned, it is foolish to attempt to rise up and fight the government when I can sit back and watch it drown in its own filth.
 
Re: Regulate!

The rampant corporate sector was what lead to the economic crisis, now we are seeing overcompensation for that fact. I think in the long term it will balance out.

Mind telling me how regulating this "rampant" corporate sector might have fixed things? When businesses wanted to make poor decisions, would the wise old government have had the foresight to stop them? Because we all know that the government is more intelligent than everyone else and only wants what is best for everyone.
 
Re: Regulate!

Really? You think that's what was the cause? Nothing to do with Government demands to make piss poor business decisions played into it? Really?

That's certainly a part of it, but inadequate regulation most definitely was as well. Just off the top of my head I'd list massive over leveraging, CDO ratings that were just this side of fraudulent, and the weakening of the Glass-Steagal Act as major factors to which the proper response is stronger regulation. Bad government policies had a lot to do with the crisis, but do you think it has nothing to do with inadequate regulation?
 
Re: Regulate!

That's certainly a part of it, but inadequate regulation most definitely was as well. Just off the top of my head I'd list massive over leveraging, CDO ratings that were just this side of fraudulent, and the weakening of the Glass-Steagal Act as major factors to which the proper response is stronger regulation. Bad government policies had a lot to do with the crisis, but do you think it has nothing to do with inadequate regulation?

How about, I'll agree there was wrong regulation.
 
Re: Regulate!

It's time for the broken legs, bloody lips and death. You guys don't get it do you? This isn't a game anymore. This bloody moron wants to control EVERYTHING.

You are absolutely crazy. Let me paint this picture for you, and if you tell me that you are still about this revolution (where the consequence will just replace one power-hungry government with another), then I cannot offer any advice on how to combat your lunacy.

Article from 2020 said:
Ten years ago, militants of a dissenting ideology raised their arms against the United States of America. The dissenting militants (DM) gathered and plotted objectives and tactics with the internet as their primary medium.

Nine years ago,a small brigade (~100 people) left their homes in West Virginia, Virginia proper, North Carolina, Georgia, and Tennessee, and covertly crossed state borders with a common mission to strike Washington D.C. Unknown to the soldiers of the DM Washington had monitored their internet plots, had implanted many under-cover agent among their ranks, and kept tabs on what Washington called "Essentials of War" (EoW) which comprised of weapons and ammunition, high shelf life food-stuffs, shelter, and cars registered in the name of high-prestige members of DM. Unknown to the small brigade, they would not make it to the District's borders. Washington released a statement the following day with a condemnation of Terrorist actions within the United States border, and that "[Washington] would not tolerate agents of the DM, and would do all that was necessarily to get rid of the Terrorist organization." Over the next congressional session the Patriot Act was reimplemented, a token of the Bush Administration, and added to the act was the "Saftey-On Act" which, essentially, bans weapons, a complete government over-sight of all aspects of the internet, and placed military personnel, and equipment in a first-response distance to every major city in the United States.

Eight years ago, the United States Military began running operations to demolish the E.o.W's, with an emphasis on the DM's targets. Collateral damage increased and Washington's statement expressed deep sympathy for the damage, but remarked that people were to be vigilante to rid their community of the DM, to report suspected targets to local law enforcement.

Eight years and 6 months ago, Economists, Urban Planners, and Community Managers agree that many large American cities have been leveled to the size it was 40 years ago. Millions have been killed in Operations, and the President of the United States has moved from Washington D.C. to an undisclosed location, for fear of assassination attempts.

Seven years ago............



Why are people so complacent? I just don't get it.

1) Because being complacent is a normal human order. Only when reeled by fanatics and passionate others are people drawn to an aggressive stance.

2) Because most of us would rather not see Americans drawing American blood because some television/radio personality is making mad bank off of playing the empathy-card.


If there is to be a Revolution in America.. where citizens are killing each other in the name of justice and order, then I hope to god that I am the first casualty.
 
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Re: Regulate!

You are absolutely crazy. Let me paint this picture for you, and if you tell me that you are still about this revolution (where the consequence will just replace one power-hungry government with another), then I cannot offer any advice on how to combat your lunacy.
I'm not insane AE, I'm just furiously angry at what's happening to the country. Power mad, and power hungry, we're watching as DC reaches its' hands into every fiber of our lives, and it happens with people smiling. That's disgusting. [/quote]





1) Because being complacent is a normal human order. Only when reeled by fanatics and passionate others are people drawn to an aggressive stance.
Complacent, or ignorant?

2) Because most of us would rather not see Americans drawing American blood because some television/radio personality is making mad bank off of playing the empathy-card.
What are blathering about with the TV/Radio thing?


If there is to be a Revolution in America.. where citizens are killing each other in the name of justice and order, then I hope to god that I am the first casualty.
You'd rather live enslaved to the government then over throw it for it's evil? Well at least you're honest about it.
 
Re: Regulate!

It's time for the broken legs, bloody lips and death. You guys don't get it do you? This isn't a game anymore. This bloody moron wants to control EVERYTHING.

Do you think the impending Cap-and-Trade is about the environment?
Do you REALLY think the UHC move is to help people?
Let's say you owned a business, guess what, Herr Obama wants to take that control away from you, and PUNISH you for that.

This isn't theory people, this isn't a joke.. it's happening, and people are really that blind to it?

The government is on the verge of negating the Constitution by taxing "bonus pay" IT AUTHORIZED and targeting individuals. Yeah think about that.

Why are people so complacent? I just don't get it.
MrVicchio, watch those German references.
The opposition is highly sensitive.

We have to face facts.
If we have not convinced these people at this point, they lack logic.
The facts are obvious as you state.

If they do not understand this...

The government is on the verge of negating the Constitution by taxing "bonus pay" IT AUTHORIZED and targeting individuals.
... they never will.

They just don't have the logical resources to put it together.
They are lost causes.

We can only hope one day they realize what has happened, why it has happened, and what we once had.

From there, there is true Hope to put it half-assed back together again.

.
 
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Re: Regulate!

I'm not insane AE, I'm just furiously angry at what's happening to the country. Power mad, and power hungry, we're watching as DC reaches its' hands into every fiber of our lives, and it happens with people smiling. That's disgusting.
What would happen if we overthrew the government and replace it? That everything would change, and we would be free? That is a ridiculous idea, and it nothing but lunacy if you think the overthrowing of the government is going to change the human condition to build hierarchy, and that those on top want to confirm their place on top.

You'd rather live enslaved to the government then over throw it for it's evil? Well at least you're honest about it.

Seems like you attempted to answer your own question, on my behalf. Thanks man!

We cannot have a government, that has the authority to provide order in a nation-state, and consider ourselves he who is in control of the government. It is a horrible fallacy in the ideals of this country. We want the government to protect us from human nature, but we only want them to do it within the confines of natural law. We want to be free, but we want regulation of our citizenry.

I am simply saying that when you get rid of this "evil". You are going to replace it with another "evil". Unless you wanna give anarchy a shot haha
 
Re: Regulate!

The outlines of the plan are expected to be unveiled this week in preparation for President Obama’s first foreign summit meeting in early April.

Increasing oversight of executive pay has been under consideration for some time, but the decision was made in recent days as public fury over bonuses has spilled into the regulatory effort.

The officials said that the administration was still debating the details of its plan, including how broadly it should be applied and how far it could range beyond simple reporting requirements. Depending on the outcome of the discussions, the administration could seek to put the changes into effect through regulations rather than through legislation.

One proposal could impose greater requirements on the boards of companies to tie executive compensation more closely to corporate performance and to take other steps to assure that outsize bonuses are not paid before meeting financial goals.
http://www.nytimes.com/2009/03/22/us/politics/22regulate.html?pagewanted=1

The same government that cannot get teh mail system to work, schools to work, and squandered social security should have control over the financial sector... brilliant.
 
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