President Obama Imposes $500,000 Salary Cap for Execs at Bailed Out Companies

[beholder1980]

@Homeboy2000 a stop of regulation and tax cuts will work. Credit will never work



[chilingzzz]

utube this:  "victicrat"

[dmalc07]

If you take compensation away from the top 3% of the country (The guys who earn over 300K per year Salary), what's to say those guys just say fuck this and quit? Most if not all, are in there 40's 50's, have made a lot of good investments, and could retire and live like kings for the next 30 years, while this country ROTS. YOU CANNOT TELL PEOPLE HOW MUCH MONEY THEY CAN MAKE! W/O these genius's at high level positions running these companies, we wouldn't even have an economy. Use YOUR BRAINS

[ytkate]

The CEO's and boards who were cumulatively making tens of billions of dollars knew very little about the business practices of their corporations. It wasn't the guys at the top who were running these businesses. It was the derivatives traders at the bottom. Fuld didn't know what a credit default swap was. The excesssive compensation structure which rewarded short term profit rather than long term accountability WAS the reason for this mess. And they stole your money, so DON'T DEFEND THEM.

[dmalc07]

But, does it stop there? Capping salaries for failed companies is one thing, and I agree with it. However, if this plan works, will Obama go from, just the failed companies, to the companies that might fail, or the companies that are making to much money, or to all the companies, or to all the wealthy people in America? Capping salary will defuse ambition! This country is built on the foundation of working hard, and getting paid for it.

[zaqwert777]

It's an amazing co-incidence isn't it that Obama decides that $500K is "enough" and that's the same amount he took for a book deal just days before taking office.

So he makes policy based on something arbitrary like how much he gets in a book deal. He's an idiot.

Google "Obama $500,000"

How long before he and his fellow statists (google "statism") decide how much anyone can make?

Read Animal Farm. The pigs are statists. But in real life the statists only think they're smarter.

[MickeyMockery09]

A man robs a bank and we give him a $500,000 dollar salary. Prison would be more appropriate.

[beancube2008]

We still have a lot of fans here for Bush. Nah, ..

Maybe these folks are trying some camouflages for opportunities to throw their shoes at B*sh and the Wall Street 9/11 gang. We all know security won't fend off shoes their bosses deserved.

[justsumdude899]

heathr456, I think you typed Jan. when you meant Feb.

[lamrof]

Obama is fighting republicans to get money for these companies while the execs steal it. Am I the only one who is disgusted here....??

[Eball06]

It's funny those execs prefer Republican leadership b/c Reps. advocate low taxes and deregulation..

[njac1946]

capping salary dumbasses

[memama2]

--two ??weeks?? FEELS like 2 MONTHS! - under the thumb of the socialist agenda and the cons and cover-up creeps Obama has nominated? --- Obama administration so far: O! CRAP! --

[natezoid]

please shut up.

[lamrof]

You are one piece of shit. This is something you greedy cats came up with now and the spit on Bushes face has not dried yet.

[memama2]

~this is a socialist agenda - NO ONE should have gotten any money from the Gov - thats OUR money - to bad - so sad - you are bankrupt! - and the speech President Reagan made about some Dims trying to make a Socialized medical system - is one of the best speeches ever made - the idea that PRIVATE sector jobs would have a government employee tell them where to live and what they get paid is UN-AMERICAN! I feel sorry for our country under Obama - He will ruin and destroy the economy and country!

[lamrof]

Yeah, this is our money and so lets go and wage an illegal war and spend it. That is what your disgusting president did last 8 years. Hey its the PRIVATE sector who came begging for money did they not??? How stupid can you guys be huh?

[MikeNobodyIsBack]

There should be a change to the minimum wage laws. Either scrap minimum wage altogether and guarantee everyone a cost-of-living-allowance (like inb the military) despite whatever they earn or tie minimum wage to the wages of CEO's. Like, maybe they could say the minimum wage at any company not be less than 1/5 of the CEO's pay

[luvobamas]

President Obama needs to stand up more often. Stop worring about what Republicans say and use your good judgement to recover this country. That's the change we voted for.

[MrTouchShriek]

I love that many ignore this pay cap applies ONLY to companies that get bailed out. Guess what -- if we have to hold your hands through getting your company back on its feet, you'll have to make do with a "paltry" $500k.

[TangDynasty83]

Oh yes Obama! Nice work..shoulda been done a EFFIN long time ago! Bank Execs askin for help from the government while gettin 18 billion dollars in yearly salary... Pathetic and absurd!!!

[agnosticman77]

Go Obama!!!!!! There should be a cap on personal wealth in general.

[johnedwards1968]

I think the regulations have been too loose, but capitalism still fundamentally works. Capping wealth is a bad idea.

[elperverto7]

That my friend happens can only happen in Communist shit hole countries

[wagull]

Nobody likes that these jerks make tons of money while the little guys under them get laid off as their companies fall. Nobody likes that our tax money has gone to line the pockets of executives wealthier than 99.999% of Americans. But if we start dipping our hands into their pockets, then we begin to walk a tight rope straight into communism, which is not what this country stands for. If that's what you want, then you are anti-American and get the fuck out. I say let the companies fail.

[lamrof]

"""We are dipping our hands into their pockets"""

Did you write this statement the other way around?

[areki38]

So freedom is all about how filthy rich you can be?

[wagull]

That is one of the freedoms afforded by this country. There's nothing wrong with being rich. I don't think we should fund it, however, because that's not the American way, either. Did you even read my post? We don't need to help companies who overpay their execs, or any company, for that matter. If they fall, they fall. So be it. It's not the government's concern. If they succeed and make millionaires out of their execs, then so be it. It's none of our business if we don't support it.