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While many posters rejoice in Obama proposing caps on executive compensation and golden parachutes for companies getting government assistance (and I generally agree with the posters), another item received little notice:
The administration also will propose long-term compensation restrictions even for companies that don't receive government assistance, Obama said.
Those proposals include:
• Requiring top executives at financial institutions to hold stock for several years before they can cash out.
• A Treasury-sponsored conference on a long-term overhaul of executive compensation.
While many posters rejoice in Obama proposing caps on executive compensation and golden parachutes for companies getting government assistance (and I generally agree with the posters), another item received little notice:
The administration also will propose long-term compensation restrictions even for companies that don't receive government assistance, Obama said.
Those proposals include:
• Requiring top executives at financial institutions to hold stock for several years before they can cash out.
• A Treasury-sponsored conference on a long-term overhaul of executive compensation.
Obama change you can believe in! He's not a socialist he just wants to tell people how they can get paid.
I'm just watching the cascade of proposals associated with this administration, and thinking about all of the posters who were stating that he isn't really a liberal at all, just a centrist.
I'm just watching the cascade of proposals associated with this administration, and thinking about all of the posters who were stating that he isn't really a liberal at all, just a centrist.
Ive gone back and forth on that myself to be honest. During the election he was a bleeding heart. A week into the presidency he seemed more centrist. Then Pelosi took over.... Left once again.
Actually it isn't, the proposal is aimed at the companies not getting taxpayer money.
Please try to read and understand the article before you decide to lecture me.
Ok, let's say that my reading skills just aren't up to par this evening, would you mind pointing out the area of the article, that I have read twice now, that points to non-TARP participants?
True. The bailouts seems to be like a loan from the mob. Accept it and they own you.
So, in your opinion, Wall Street was not acting like criminals? Why should struggling tax payers pay for the lifestyle that the fat cats have become accustomed to? These greedy pigs would have been very severely punished if they pulled this crap in another country. Screw them all, kick them to the curb and have very strict oversight on the new batch of bankers. If I understand your post correctly, you think that these modern day robber barons are the victims?
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