Administration Seeks Increase in Oversight of Executive Pay

[BSR]

http://www.nytimes.com/2009/03/22/us/politics/22regulate.html


I wont past the entire article only this portion.


The new rules will cover all financial institutions, including those not now covered by any pay rules because they are not receiving federal bailout money. Officials say the rules could also be applied more broadly to publicly traded companies, which already report about some executive pay practices to the Securities and Exchange Commission.

Now I was ok with setting some limits for executive pay IF they took taxpayer money. If you cant make it as a company and need my money so you don't go under, There should be some set rules before you get billions in bailout funds.Cut some salaries back, trim some fat, start becoming profitable, pay back the money and then you can pay whoever you want, whatever salary you want.

But for Obama to reach out and tell executives who are not being subsidized by the US government and are making it on their own how much the people who run these companies can make is crazy.

[AlmostThere]

The minute these companies took a dime, they sealed their fate. I am surprised how quickly Obama is trying to regulate other industries though. As pissed as the American people are, he might as well strike while the iron is hot. If we allow this to happen we deserve everything we get.

[Lars1701a]

The minute these companies took a dime, they sealed their fate. I am surprised how quickly Obama is trying to regulate other industries though. As pissed as the American people are, he might as well strike while the iron is hot. If we allow this to happen we deserve everything we get.

I have a sick feeling this asshole (obama) is trying to ram as much bullshit down our throats as he can before the midterms or the 12 elections. :mad:

[PoliCon]

The minute these companies took a dime, they sealed their fate. I am surprised how quickly Obama is trying to regulate other industries though. As pissed as the American people are, he might as well strike while the iron is hot. If we allow this to happen we deserve everything we get.

ok - so - what are you doing to stop it??

[enslaved1]

Everything about this debaucle, from the fact that the first bailout did nothing, to the fact that the politicians rushed through a feel good, looky what we did to save the country bill without looking at it or making any real plans to fix the situation and now are burning rubber to backtrack and cover their butts, to the fact that they keep talking about handing out more money, to the fact that they are talking about more regulation, taxing bonuses, ect ect, all go to show that Bush (he signed the first stimulus bill remember), Congress, and Obama, should have stood up and said "OK folks, this is going to suck for a while, but we need to let these companies face the consquences of their actions, and let the markets do what they do best, and correct themselves." Instead we are seeing why government should have as little to do with the business world as possible. Yes there are some areas where some oversight and regulation is needed, but not to the stupid extremes that Obama and Congress are shooting for, mainly to increase their power and cover their butts for the dumb decisions they have made.