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Not that smart of a move. Companies that have not taken government funds and can pay as they wish, will hire the talent away from companies that did take government funds. The companies that took government funds will just erode quicker with a loss of talent.
Example:
Company A didn't take any government funds and they can pay 1.7 million.
Company B did take government funds and can only pay 500,00.
You are a talented person currently at Company B and Company A approaches you offering more money. What do you do? Most people will move to company A.
Are you kidding....these people should be FIRED!!! They SHOULDN'T GET A PENNY. And you guys are hurrahing that they ONLY get 500K.
Maybe some deserve a couple million who have run legitimate businesses and profited. But these people SHOULD GET THE AX.
Nobama you got it wrong....
It doesn't apply to the particular exec that actually put the company under... it's the company.. so no matter who gets hired/fired.. then that company can only pay their exec the $500K.
i love this...
Government comes in to bailout companies... government tells them and the american people to save the companies and our economy we have to do this putting us further into debt. Government then tells companies what they can and can't do with the money.
Government takes part ownership of some companies.. Goverment tells company execs what they can and can't make.
Since when did government have the knowledge or even right to tell anyone what they can and can't make.
Which again goes back to why did we give the rights of government to bailout a corproration. A corporation is not a individual and it not the function of government to control what company lives or dies.
How about we just tell the companys, execs and government to "Go Stick it" and let them all fail.
Last time I checked that it called capitalism those who do well succeed and those who don't fail, we have winners and losers folks and the freedom that comes from that idealogy. Please stop the socialism and dependancy with my tax dollars.
PS Obama's idea to limit execs pay is nothing more then controlling an individuals rights and his labor. What is to say this idealogy wont happen to everyone. After all once government says something they like to make it a reoccuring theme with the illusion of fairness. YOu know what fairness is the fairness for government to NOT BAIL OUT COMPANIES WITH MY MONEY!!!
Not that smart of a move. Companies that have not taken government funds and can pay as they wish, will hire the talent away from companies that did take government funds. The companies that took government funds will just erode quicker with a loss of talent.
Example:
Company A didn't take any government funds and they can pay 1.7 million.
Company B did take government funds and can only pay 500,00.
You are a talented person currently at Company B and Company A approaches you offering more money. What do you do? Most people will move to company A.
If you need the assistance then you are probably not able to survive for very long anyway. So company A still gets talented. With assistance company B can stay in the game longer, then there is a chance they find a diamond in the ruff.
Not that smart of a move. Companies that have not taken government funds and can pay as they wish, will hire the talent away from companies that did take government funds. The companies that took government funds will just erode quicker with a loss of talent.
Example:
Company A didn't take any government funds and they can pay 1.7 million.
Company B did take government funds and can only pay 500,00.
You are a talented person currently at Company B and Company A approaches you offering more money. What do you do? Most people will move to company A.
Good points, but on the other hand why would someone want to hire a person that came from a failing company and could be potentially a reason the company went under?
i love this...
Government comes in to bailout companies... government tells them and the american people to save the companies and our economy we have to do this putting us further into debt. Government then tells companies what they can and can't do with the money.
Government takes part ownership of some companies.. Goverment tells company execs what they can and can't make.
Since when did government have the knowledge or even right to tell anyone what they can and can't make.
Which again goes back to why did we give the rights of government to bailout a corproration. A corporation is not a individual and it not the function of government to control what company lives or dies.
How about we just tell the companys, execs and government to "Go Stick it" and let them all fail.
Last time I checked that it called capitalism those who do well succeed and those who don't fail, we have winners and losers folks and the freedom that comes from that idealogy. Please stop the socialism and dependancy with my tax dollars.
PS Obama's idea to limit execs pay is nothing more then controlling an individuals rights and his labor. What is to say this idealogy wont happen to everyone. After all once government says something they like to make it a reoccuring theme with the illusion of fairness. YOu know what fairness is the fairness for government to NOT BAIL OUT COMPANIES WITH MY MONEY!!!
Agreed. Good post.
Would if I go in there and suddenly make company profitable, completely out of debt, and expand the company? Then maybe I, the company, the shareholders, and employees feel I deserve more money. Maybe a million.
It's not fair to cap it off to whomever comes and goes.
There will be deferred compensation plans based on performance once the loans are paid for. Not a bad idea and those talented and brave enough and can show and prove will still be paid big $ but this time it won't be for failure/success. Just success. These banks should also be limited to how many times they can come back looking for money as we are not an endless pit. Once they go over a certain amount congruent with their size then they should be forced into restructuring. As it sits no matter what talent they get they can come back just about as many times as they need.
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Goodbye Sweet America
