Obama administration plans big pay cuts at bailout firms (leader, elections, vote)

[Greatday]

Obama DOES NOT HAVE THE LEGAL AUTHORITY to interfere with and dictate to, the compensation paid to corporate executives.

This is an illegal intrusion into private business operation

Then again, Obama does not care about the Constitutionality of what he does.

He does not care about the rule of law.

[jojajn]

Originally Posted by shorebaby

You are not making sense. 200K will not buy you a competent executive in any industry. Who do you propose run these companies?

What does the President of the United States earn? Does the President have more responsibility than a bank executive?

[shorebaby]

Originally Posted by jojajn

What does the President of the United States earn? Does the President have more responsibility than a band executive?

You are kidding right? After four years how much does the president make? By the way the President makes 400K year.

Your argument still doesn't get a good executive in the door of any company much less one that is going to require frequent trips to capitol hill to be grilled. For 200K ain't happening.

[jojajn]

Originally Posted by summers73

Wow, you really overestimate the populace's ability to elect officials.

The only thing that keeps are country a democracy is that each citizen has a vote.

Are you implying that capitalism has taken our democracy away?

[jojajn]

Originally Posted by HappyTexan

Yet people had no problem agreeing to the terms and proceeded to charge up a storm. And the banks are to blame here ?

I am well aware my CC rate could be jacked up any given month so I pay in full. There is no way in heck I would charge up $5K, $10K and then pay off "minimum payment" for 10-20 years.

This same tactic should motivate bank executives. The executives were okay with a government bailout, to fix what they screwed up, until they learned it would affect their bonuses. Great integrity those executives have!

[jojajn]

Originally Posted by shorebaby

Sigh..please tell me what kind of executive you will get to run these companies for 200k. None of you rabid, venomous people with a vendetta have been able to answer this.

Someone with integrity. How much does the President earn to run our country? What if we had to pay our president as much as a bank executive?

[shorebaby]

Originally Posted by jojajn

Someone with integrity. How much does the President earn to run our country? What if we had to pay our president as much as a bank executive?

If we paid the president as much as we pay our bankers maybe we would get someone competent.

You still didn't answer the question. Who will run these companies for 200K? It's business not charity.

[HappyTexan]

Originally Posted by jojajn

The only thing that keeps are country a democracy is that each citizen has a vote.

Are you implying that capitalism has taken our democracy away?

You have a lot of learning to do.

[jojajn]

Originally Posted by Greatday

Obama DOES NOT HAVE THE LEGAL AUTHORITY to interfere with and dictate to, the compensation paid to corporate executives.

This is an illegal intrusion into private business operation

Then again, Obama does not care about the Constitutionality of what he does.

He does not care about the rule of law.

Wouldn't the government bailouts give the government the highest percent of shares in the company? Doesn't that give them the authority to make decisions?

[shorebaby]

Originally Posted by jojajn

With the government bailouts give the government the highest percent of shares in the company? Doesn't that give them the authority to make decisions?

Yeah and we are the government remember "by the people for the people...." What our elected representitives are doing is foolish and vindictive and is hurting our asset.