President Obama says $200,000.00 salary cap. How about that?
You and me both, we couldn't do a worse job...
Well considering that a condition of the bail-out is that the government now owns controlling interest...
So the fellow with 51% of stock (or more) can't dictate salary caps? Why would that be.
This is scary. Government is going to expand so much with Obama.
Yes, if they are using taxpayer money, there should be a cap. But 90%? The only people that will turn these companies around are people who WANT to be there. A 90% pay cut isn't going to do that.
That must be why Kenneth Lewis is stepping down. Looks like he gets to keep his money he got from the taxpayers, no pay cut for him.
http://www.latimes.com/business/la-fi-b … 9236.story
Since they have to take a 90% pay cut, now we're going to get even bigger idiots in charge of the banks. Or do you think we'll get anyone good if you tell them they have to take a pay cut like that?
I suspect some resignations are forthcoming. The article said the top 25 employees of the 7 most assisted companies were already scheduled for $198,000,000.00 in compensation perks this year alone. That $200,000.00 salary will just be enough to pay their country club dues. Shame.
And what sort of plan do you guys have to save BOA? You do realize that there are billions of dollars at risk with the coming reset of Alt-A loans. How do you plan to be able to write those off and stay solvent. How do you plan to be able to loan money out, so your bank can, you know, make money and stay in business? Being a CEO is not all wine and cheese.
200k is plenty. How hard can it be to lose a few more billion?
Walk about 5 miles south of me and you'll be hearing a whole neighborhood crying.
What you pay someone does not necessarily reflect their competence. That's true whether you're talking about public or private companies, CEO or President. Personally I think our Glorious Leader is miffed that CEO's make more than him. If I were in entertainment or sports, well I might thing about moving my wealth offshore.
@kmackey, nope, but I did go to business school so I have some conception of what it is a CEO is supposed to do, unlike some Americans. Not that being a CEO of big business is anything like being a CEO of a small business, but in theory they're the same.
It doesn't matter anyway. They restricted the pay of Chrysler's officers when they got bailed out in the early 80's. After a couple of years they'd bribed enough Congressmen to get that proviso dropped and their incomes increased again. It'll be the same thing all over again this time around. Look at how much Obama has had to cave to big Phama over healthcare reform. If the consequences weren't so dire, it would be kind of funny to watch.
How`s it going Earnest? I`ll step up to the plate for $100,000.00.huh.
He is doing everything he can to kill capitalism. Send him to Australia they like him.
The cap is stupid. Whose salary in what industry is he going to cap next?
Yeah, thats what you need.
Haven't you got one wandering around Florida looking for something to do?
You know, I don't have a problem with it, well, at least with companies that were bailed out with taxpayer money. However, this administration wants to expand their reach beyond that and have the treasury or the fed control financial institutions! This is a very scary prospect! Between the financial institutions and the health care industry, it is becoming obvious that there is a trend to socialize the economy and consequently this nation!
by Scott Belford 5 years ago
The GOP sold gullible Americans on the promise their tax give-a-way to the rich and corporate America would mostly benefit the Middle Class. Why isn't it.They said all of this money staying in corporate coffers would go to investment, more jobs, and higher wages. It has been six months...
by H C Palting 7 years ago
Why do employees seem to accept that company executives get pensions but employees don't?With the understanding that not all highly paid executives get pensions and that pensions used to be commonplace for employees, I ask should it be frequent or commonplace that highly paid executives have these...
by EPman 12 years ago
Tell me, oh wise opponents of the tax cuts, why is letting rich people keep what they earn detrimental to the "greater good", but printing and putting billions of dollars in the hands of these uber-greedsters FOR the "greater good"? -- especially when these people lost money in...
by Stump Parrish 8 years ago
The tax cuts that are being debated in Washington have been described as a jobs creating nessessity by the republicans. These tax cuts have been in effect for 10 years now and I have to wonder where all the jobs they created during their existence, have gone. Are we to believe that they will...
by Ian Stiglingh 11 years ago
There is some debate about how government can influence the economy through money supply and money printing. I don't know much about the topic so I hope to learn a few things and hear some ideas.
by kirstenblog 12 years ago
Or would you accept a job where you are being asked to cover two positions, one of which is an hour away in decent weather (this is on foot, no car and I don't drive anyway) that will result in there being situations where you know you will not be able to fulfil your duties and believe that this...
Copyright © 2023 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|