Queens Homeowner Pleads:"i Need Your Help....

eulessismore · March 1, 2009

For those guys I believe in anvils.

You're golden.

UNTflyer · March 1, 2009

What about parachutes? I don't believe in the golden ones for CEO's of failed and bailed out organizations.

That is a matter for the shareholders to decide.

My company suspended bonuses for all employees at the director level and above. Why? So they could still pay bonuses to the employees. There are still a lot of companies out there that do the right thing, and just because some CEOs take the money and run doesn't give the government the right to dictate compensation.

oldguystudent · March 1, 2009

That is a matter for the shareholders to decide.
My company suspended bonuses for all employees at the director level and above. Why? So they could still pay bonuses to the employees. There are still a lot of companies out there that do the right thing, and just because some CEOs take the money and run doesn't give the government the right to dictate compensation.

Isn't the government essentially becoming a big shareholder of these big, struggling companies at their own request? Don't want the government dictating compensation? Don't go sit in congress and ask the government for several billion dollars. Nobody's holding a gun to the head of the banks and forcing them to take any money. Unfortunately for the banks, it's take the government money and the restrictions that come with it or die.

Uncle Sam isn't making any such restrictions on companies that are keeping their hands out of the government cookie jar. I don't think Apple has taken any money, so I'm sure Steve Jobs is paying himself whatever he damn well pleases and nobody cares. (Apple being the first random company to come to mind).

Flyer, I think what you're rightfully against is nationalization, and we're perilously close to that in the banking industry right now. I do, however, think the CEO pay restriction is a separate matter. It's essentially a new sheriff coming into town with a bunch of stock certificates in his hand and bringing order to a previously lawless town. Madoff is an exception only in volume (OK, not a CEO, but somebody with the trust of many people and their well being in his hands). There are many like him out there, and if companies run by people like that go begging, then they deserve what they get. If companies are running themselves like the place you work at, then they're likely not going begging, they're free of any government compensation dictation, and they're probably exercising the restraint that they should anyway.

I'm just glad Enron's not around to grab a share of this cash. Those bastards deserve to rot in hell and live on the tossed aside sandwich crumbs of dense urban tramps. I'd be right pissed if ole Kenny boy got to pay himself a big bonus with my tax dollars. A-ha! That's what it is! I view these guys as big time welfare moms! Nobody gets something for nothing, right?

Edited March 1, 2009 by oldguystudent

GreenMachine · March 1, 2009

That is a matter for the shareholders to decide.
My company suspended bonuses for all employees at the director level and above. Why? So they could still pay bonuses to the employees. There are still a lot of companies out there that do the right thing, and just because some CEOs take the money and run doesn't give the government the right to dictate compensation.

exactly, just because one lawyer is a lying, stealing, dishonest leech, doesn't mean they all uh, never mind, bad example. I would like to believe that most CEO's out there are honest and truly try to do the right thing. Maybe I'm living in la la land but I hope I'm right.