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

President Obama Jan. 4, 2009 announcing new rules to curb executive pay for bailed out companies.

Category:

News & Politics

Tags:

• President
• Barack
• Obama
• Executive
• Pay
• Caps
• Bailed
• Out
• Companies

[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.

[beholder1980]

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



[chilingzzz]

utube this: "victicrat"

[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]

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

[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.