Posted on 06/10/2008 9:14:16 AM PDT by pissant
“Someone should inform this jerk that the stockholders elect the Board who approves executive salaries.
If the stockholders don’t like executive pay, sell the stock.”
Yeah, and if a business is smart enough and powerful enough to get a complete monopoly, why should government interfere?! /< sarcasm>
So you’re saying, if I own XYZ Co. and the board hires a CEO that’s a nitwit for a huge amount of compensation, tough? So, when said nitwit tanks the company and makes Cramer’s list of buy when fired, too bad? And when I lose 50% of the value of my stock, but the CEO glides out on a golden parachute, that’s just how it should be?
Just what I was thinking...Gawd,it’s sickening that we have to resort to trying to get him elected. I am soooo pining away for Ronnie....I sure do miss him.
My thoughts also. Of course the multi-millionaire conservative talk show hosts don't want to see CEO pay regulated since they're in the big club themselves.
It seems hypocritical when Glenn Beck and others are hyperventilating over the "injustice" of regulating CEO pay, when their listeners are dealing with the discomfort of increased gas and food prices.
BINGO. The assent is built in - invest if you like the whole package, divest or stay away if you don't. There is plenty of room for improvement in the regulation of corporate (and I will give McCain credit for at least verbally supporting corporate tax reductions), for example, by deferring most regulations to the states, where the forces of downward harmonization will be able to keep regulations and taxes low, and prevent an exodus of capital and jobs to international business havens ("but we will be better off in our pure state without these unAmerican capitalist traitors!").
Ummm... no. I’ve sat on the board of several corporations. If executives don’t perform, we fire them.
“McCain wants regulated CEO pay”
Oddly enough I cannot find that in my copy of the Constitution.
“It seems hypocritical when Glenn Beck and others are hyperventilating over the “injustice” of regulating CEO pay, when their listeners are dealing with the discomfort of increased gas and food prices.”
Spin comes into play. I don’t think it’s the government’s business how much a CEO is paid. I think it IS the government’s business if that number is arranged in a questionable fashion. Often, the CEO is very good friends with some of the board members. This leaves the setting of the CEO compensation package open to the appearance of being unethical.
The shareholders are the real owners. Let them approve the compensation package. Seems to make sense to me.
However, you can find a right to bear arms, which McCain has been iffy on, and a right to free speech and association, which McCain wants to further regulate.
Did you actually read the article?? Or just the headlines?
If the government regulates the compensation of CEOs it is only fair that it regulate the compensation of actors singers, lawyers, athletes, doctors etc, and all damage awards. You can’t select out one group of people for unequal treatment under the law based on how much money they make and still claim to believe equal protection. We can do this either way, but everybody should be in the same boat under the law.
“Ummm... no. Ive sat on the board of several corporations. If executives dont perform, we fire them.”
Really? So Cramer’s buy if the CEO is fired list doesn’t exist? There are no incompetent CEOs who are hired under circumstances that look less than legit?
ALL corporations perform as to your experience? No need to involve the owners, (shareholders)?
Whew, that’s a relief. No need to pay attention then. If only the rest of the population where as trustworthy as business execs, right? (Pssst, nevermind about Enron, WorldCom, Global Crossing... )
A voice of reason! Why not?
You notice that the true McCainiacs never have the ba!!s to show up on these threads and defend that POS?
how is he meddling???? do you own stock, mutual fund or have a 401K account???
are you sick and tired of watching a failed CEO retired into leisure while the stock he was in charge of retreats and hurts your account???
McCain is correct- these severance packages, stock options should be voted on by the stockholders- not the board of directors who want to feed their own pockets...
If yer party was running candidates this year, I’d be supporting it. I will most likely be voting CP this year and keeping one eye on you folks for coming elections.
Maybe he should ask Carly to return some of her money to the HP shareholders.
“If the government regulates the compensation of CEOs it is only fair that it regulate the compensation of actors singers, lawyers, athletes, doctors etc, and all damage awards. “
First of all, read it, I made that mistake too. McCain doesn’t want to regulate the amount, he wants the shareholders, the owners, to approve the amount. Why is that bad?
Secondly, this applies to public corporations only. If you’re a private company, and you don’t have any shareholders, you can do anything you please. Pay the CEO $1 billion a year, who cares?
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