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Discussion Starter #2
Let me add.........

when the government starts to dictate what people make, what they have as toys is not far behind. So if you think it doesn't affect you, your wrong. Why shouldn't everyone have a boat? Let's make them all Bayliners! Forget about what you did and worked hard for, this is about equality for all. Socialism.....bordering on communism.

If your not scared, you should be.
 

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We already have "State Run" Radio & TV with NBC, CBS, ABC, and CNN.
 

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Am I still the only one that gets this? He's not telling everyone in the US your pay will be capped, just those that chose to do business under a corporation, I'm all for that. It's long over do. If you want to rape and pillage a company take it private and pay your self what ever you want, but no you should not be protected by the US incorporation laws as you do it.
 

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Let me add.........

when the government starts to dictate what people make, what they have as toys is not far behind. So if you think it doesn't affect you, your wrong. Why shouldn't everyone have a boat? Let's make them all Bayliners! Forget about what you did and worked hard for, this is about equality for all. Socialism.....bordering on communism.

If your not scared, you should be.

So do you still show respect for a kenyan chimp president who's sheitting all over your rights?

Forget the rising of boats with the tide. He's talking about sinking all the boats so we're all in the mud. In the name of fairness.
 

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Change you can believe in. Sad to see what he is doing to this country in 6 focking months.
 

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Let me add.........

when the government starts to dictate what people make, what they have as toys is not far behind. So if you think it doesn't affect you, your wrong. Why shouldn't everyone have a boat? Let's make them all Bayliners! Forget about what you did and worked hard for, this is about equality for all. Socialism.....bordering on communism.

If your not scared, you should be.
I have to agree! If the "executive" made a profit for his company for say $50 million, why should he not get a cut of that profit or bonus?

The government CANNOT regulate every single thing! Or should I say "shouldn't"!
 

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Unregulated capitalism does not work.

Good point. An ounce of prevention would have saved us a lot of today's misery.

This is too far though. What he doesn't get through his thick f in brain is how talent is drawn to $$$$$.

I see wall street finding a new home in a low tax country.

Shit rolls down hill and this will end up in our laps....
 

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I have to agree! If the "executive" made a profit for his company for say $50 million, why should he not get a cut of that profit or bonus?

The government CANNOT regulate every single thing! Or should I say "shouldn't"!
Because he probably made the 50 million by ripping off the share holders.

If the government shouldn't regulate public company's who should?
 

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This is only for companies that take govt. $.
I have long believed that both labor and management should take a lot compensation in the form of stock, to make them think long term.
Hopefully Obama will also fix the pay of Fannie Mae and other govt. operations.
 

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There needs to be emphasis on building a company with a sustainable business model. Not the rape and pillage, then BK when the economy turns. Perhaps if they lost some of the BK protections in place like consumers have BK would not be such a pretty option.

But how do you do it with a whack job in the white house who is obviously anti big biz?

The trickle down economy works! We as a country will not see good times again until we return to this proven theory of economics.

Don't believe me? Who do you know bitching about the economy or finding a job back in 2003-2006.

Yes, there needs to be more oversight. These tools in power now are reaching to far and will make things worse.
 

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Am I missing something here ? I read that as affecting institutions that received Government (read yours and mine) bailout money. Those that don't want to operate under those guidelines are free to pay the bailout money back.

Here are the quotes:

Those overarching guidelines for the industry come as the administration prepares to issue new, more specific regulations governing pay at financial institutions that have received infusions from the $700 billion Troubled Asset Relief Program.

Those regulations, expected later in the week, would replace administration restrictions on banks that receive "exceptional assistance" from the government. Those limits set a $500,000 cap on pay for top executives and limited bonuses or additional compensation to restricted stock that could only be claimed after the firm had paid the government back.

In a brief interview, Sen. Richard Shelby of Alabama, the top Republican on the Senate Banking Committee, drew a distinction between companies that receive government funds and those that do not.

The government, he said, should not intrude in the compensation practices of companies where there is no government involvement. "There, the board of directors have an obligation to the shareholders," he said. "Where there is a government involvement, like TARP, that's a different story."

I'm all for this. If they are going to accept taxpayer money to stay in business, then they can accept taxpayer limitaions on how much money the top executives can make. If they don't take bailout money then they can pay their executives whatever they want and be answerable to the shareholders and investors. If they take our tax money, they can be answerable to us.
 

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This is only for companies that take govt. $.
I have long believed that both labor and management should take a lot compensation in the form of stock, to make them think long term.
Hopefully Obama will also fix the pay of Fannie Mae and other govt. operations.

I'm actually ok with them doing this to the a holes who took the gubmit cheese. Don't like it. Don't take the gubmit cheese. They should be allowed to pay it back with interest to avoid this mess since it wasn't a stipulation during the tarp agreement.

It should be a $100,000 cap on executive pay. Why reward a failure of a CEO?

The big concern is a bunch of Senate and House morons toying in business that they don't understand.

 

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So I wonder if this still leaves the boards of directors to make the millions they scrape off the top. I have not read anything about this.
 

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You confuse me do you support this proposed change or not?

It appears that you do, but your hate for the President is confusing even you.:)hand




So do you still show respect for a kenyan chimp president who's sheitting all over your rights?

Forget the rising of boats with the tide. He's talking about sinking all the boats so we're all in the mud. In the name of fairness.
Good point. An ounce of prevention would have saved us a lot of today's misery.

This is too far though. What he doesn't get through his thick f in brain is how talent is drawn to $$$$$.

I see wall street finding a new home in a low tax country.

Shit rolls down hill and this will end up in our laps....
There needs to be emphasis on building a company with a sustainable business model. Not the rape and pillage, then BK when the economy turns. Perhaps if they lost some of the BK protections in place like consumers have BK would not be such a pretty option.

But how do you do it with a whack job in the white house who is obviously anti big biz?

The trickle down economy works! We as a country will not see good times again until we return to this proven theory of economics.

Don't believe me? Who do you know bitching about the economy or finding a job back in 2003-2006.

Yes, there needs to be more oversight. These tools in power now are reaching to far and will make things worse.
I'm actually ok with them doing this to the a holes who took the gubmit cheese. Don't like it. Don't take the gubmit cheese. They should be allowed to pay it back with interest to avoid this mess since it wasn't a stipulation during the tarp agreement.

It should be a $100,000 cap on executive pay. Why reward a failure of a CEO?

The big concern is a bunch of Senate and House morons toying in business that they don't understand.

 

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What can one person, making $500,000 a year, not afford? It would appear top executives are confusing company profits with personal income. If you want company profits, you buy company stock.

Please tell me how, one person, in any company, adds $50,000,000 of value to a companies bottom line, without the help of all those employed by that company:)hand

Its not about Obama, its about corruption, involving a publicly run company.
 

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I keep hearing about this "Talent".. Talent for what? Running a Frickin bank into the ground? Any jackass can run a company into the ground, steal, make bad investments, etc. Some of these concerns are laughable at best. I would be more interested in seeing welfare addicts drug tested. How about The Fed reserve telling Congress what laws to pass enableing them to further tighten the bonds that they have us bound in. Any concern about this? Haven't heard a peep. :)hand Let's continue wading through the smoke screen.. The mirrors are just around the corner.

I accidently wrote this reponse in another thread. This whole fiacso we call a Government pisses me off.
 

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Discussion Starter #20
Am I still the only one that gets this? He's not telling everyone in the US your pay will be capped, just those that chose to do business under a corporation, I'm all for that. It's long over do. If you want to rape and pillage a company take it private and pay your self what ever you want, but no you should not be protected by the US incorporation laws as you do it.

Public companies have a board of directors elected by the shareholders. They should direct executive pay and pay for all employees for that matter. As an investor you shouldn't invest in a company that is not being resonable with compensation vs. benefit. You are free to choose where you invest.

On that note, you do realize that the Government just dcided the fate of the bondholders that WERE in first position (Chrysler) in favor of the government. Not a bankruptcy judge which is the law of the land as I understand it. Now government will begin to decide what dealerships go and who gets what payments. Investors are running for the hills! Without private money, no recovery. And why would private money get into this market with the government running the corporations?

Dangerous.....very, very dangerous......:)coffee
 
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