You know, I was thinking about this... If you were a CEO making, let's say, 10M last year...and your pay was now capped at 500k. You're stuck making 5% of your previous salary. Great job or horrible job. For those of us making 50-100k, which would be worse? Getting fired, or making $2500-5000 annually for trying to do your job better? I know that, for me, Unemployment Insurance would give me more than 5% of my current wages. Then I could sit at home and watch TV all day.
CEO job security is based on performance. Being a VP or something like that making 200k is more attractive, less stress, etc than making 500k
At the same time, that is what we used to always get, and some of us asked for change. Just because legislation is pushed through does not make it mutually exsclusive from the proper scrutiny. I am happy that they are trimming it up and getting rid of some pieces of it. That shows they are all communicating and debating it.
And at the same time, some of us warned that the "change" you asked for may be worse that what existed before.
And then nit picked every fucking thing in the first two weeks in an effort to prove that Obama was lying the entire time and will plunge the country into some Bill Ayers worshiping pseudo socialist state where up is down and orange is purple and "The road to serfdom" is treated as a civics textbook while shit I lost my train of thought. Just give it some time. Wait until he invades a country or punches a baby or smokes crack on the whitehouse lawn and then we'll talk. Christ it's a STEP IN THE RIGHT DIRECTION if nothing else.
Depends on what you mean by 'this'. If you mean the maximum wage, it is a step in the right direction because it provides a disincentive for executives to seek government bailouts. barfo
trickle down effect- (rule becomes integrated to more staffers) snowball effect- goes into other companies, contract companies, etc brain drain at the top levels of companies loss of tax revenues from high salaries less incentive to get to the top and run company well when less compensation at the top
You know this only applies if you are bailed out by the taxpayers, right? Thus everyone who wants to can avoid it - just don't ask the taxpayers to bail you out when you get into trouble. barfo
well, for now. I think I've made it well known that any bailed out company should have all bonuses, company events, social events, and moreso totally cut off. My cuts wouldn't only extend to the "fat cat executives" but from every employee at every level in the company. And that's across the board for any bailed out company, not just "selected" ones. I support laying off people if it makes them profitable and run better in the long run. Including the auto industry. Until they can pay the money back, they should be run like a machine. win at all costs.
I don't have a problem with it. If the freakin bank is failing because of mismanagement those running it shouldn't be getting fat. And if the taxpayers are bailing out said bank, the dudes running it shouldn't be making a killing on our bailout money. If they want to do that they can switch jobs and get a job in the defense industry, or an oil company. Either way you aren't going to get me to feel sorry for them.
Ok, thought you were saying you disagreed with Obama's executive order on this subject, but I guess you think it doesn't go far enough? barfo
Well, I disagreed with the bailouts in the first place. I don't like government to control private enterprise. BUT, since they are anyways, I think they should be more aggressive with these companies until they pay back everything + interest + penalties.
Actually, I'm pretty sure it's a step in the wrong direction. It's why I'm commenting on it. Gee, all those folks who would rip President Bush for every tiny misstatement seem to take great offense when people "nitpick" over a measly $780B.
No doubt. Plus, I ripped Bush over the stupid first bail-out bill. A bail-out that already seems to be forgotten.
what? bailout? the TARP? where 1/2 of it is gone, they'll never know if it were effective....no change in real day-to-day life really. oh yeah. auto bailout says what?
