McCaskill on corporate executives' pay: 'These people are idiots'

Kansas City Star ^ | January 30, 2009 | STEVE KRASKE and DAVE HELLING

[P-Marlowe]

Her proposal would force companies taking federal bailout money to limit compensation for any employee to what the president of the United States currently earns: $400,000 a year.

This is a very good idea. If Ford and Chrysler and GM and all these investment banks had been bound by this rule, they sure as hell would never have gone to congress to beg for money. They would have found another solution to their ills.

[Tempest]

They force bailout money??? What planet are you from. I guess they sent the national guard in to make banks hand out mortgages too and that incenetive check and commissions and bonuses were not a motivating factor?!

Wait I already sense the denial in the air...

[Tempest]

Well it’s obvious that the monkeys in the suits in Wall Street aren’t doing a better job than the monkeys in the suits in Washington.

after all, who’s asking who for money?

[exit82]

You don’t want to be the CEO that reneges on employee bonuses.

See National Lampoon’s Christmas Vacation for further information.

[Tempest]

Now Athelets and Hollywood have asked for bailout funds???

[eyedigress]

Let's carry this moonbat one step further.....

“Her proposal would force companies taking federal bailout money to limit compensation for any employee to what the president of the United States currently earns: $400,000 a year.”

Let's limit the power of any president taking taxpayer money to that of any employee

She is demented.

[dr_lew]

It will be interesting to see where this goes, since almost the entire street (major firms) has taken money from the treasury now.

They always used to say that if you went out on the street and tried to hand people $20 bills, most wouldn't take them. I always figured, yeah, because then they would have that on you, and you wouldn't know what they might be expecting in return.

[eyedigress]

Ford said no thanks. Guess what i’m buying next month?

[goat granny]

Granted 99% of the Democrats in power are greedy idiots. But anyone that takes money from government and does not think that government will tell them what to do is too dumb to run a company I don't care how smart they are. Private colleges take no government grants or students with such grants, thats the reason government cannot tell them what to do and what to teach...These numbskull CEO’s are not ignorant, their stupid..

[takenoprisoner]

She got her fifteen minutes of fame. Bottomline, if the senate, and the house, hadn’t in violation of law, voted to give Wallstreet bailout money, none of this would be an issue.

We are governed by i d i o t s who will deliver us unto evil, so long as, and for long as, we allow them to.

[jellybean]

Atlas Shrugged PING!

[Uncle Miltie]

Ayn Rand couldn’t have written the article better as fiction.

[eggman]

“We all are mad. Democrats are mad. Republicans are mad. Libertarians, conservatives and everything in between. The president is mad,” she said.

It's a mad, mad, mad, mad world, and the idiots are running the asylum.

[Cheerio]

Businessmen are not allowed to give themselves raises and fly on private jets.

I got a kick out of the Congresscritters making a huge deal out of the automakers flying into DC on their corp jets with their tin cups in their hands. PIGlosi needed a B-757 to fly back home on the weekends - you know how many pounds of fuel one of those burn per hour? AND if memory serves me correctly she was having a hissy fit because a B-757 wasn't large enough for someone that is 3rd in line to become Prez.

I think the auto guys were pretty dumb to go begging in their jets, BUT it is up to the board of directors and stockholders to keep these guys in line on how their resources are spent - certainly not the Fed Govt (as long as their reporting is honest to the IRS and SEC).

We desperately need to get Govt off our backs and the Messiah is taking us for a CHANGE in the other direction - FDR on steroids.

[takenoprisoner]

Stupid like a fox. If the govt offered you billions, would you refuse? I would accept to deal with the pitfalls later. It’s just my nature.

[Cheerio]

Her proposal would force companies taking federal bailout money to limit compensation for any employee to what the president of the United States currently earns: $400,000 a year.

God what a moron. Could she even think of all the items the Messiah gets in addition to the $400,000 per year - his own private B-747 (Air Force One, actually two of them), million dollar bullet proof limos, secret service 24x7x365, all food and housing for four years. Add all that on top of a CEO $400,000 per year and you just might get to millions of dollars also.

[fieldmarshaldj]

She’d have to receive a promotion in the intelligence department from twat to get to twit.

[cynwoody]

Ford said no thanks. Guess what i’m buying next month?

F is toilet paper.

You could try GMW instead. It's a sure thing (yield of 56.5% on cost until 2041). Unless it isn't.

[Crystal Cove]

I thought it was only businesses that took bailout funds that had to cap their executives’ pay?

[MarkL]

I never in my life understood why politicians think they can run industry. If they could, then they would be in the private sector and not be politicians.

It’s the old adage, those that can’t, lead those who can.

When the house and senate ran their own "dining rooms" (aka "restaurants") they were constantly having to be bailed out by the federal government, or else they couldn't make payroll.

But the very best example of the sort of "business sense" that our government workers have was when the "Mustang Ranch" brothel in NV was taken over by the IRS. Our very own federal government tried to run it as a business for a while. But they couldn't make money. Think about this for just a moment. Our government tried their hand at running the "world's oldest profession," and they couldn't do it and make a profit. THEY LOST MONEY SELLING SEX!!!! How is that even possible?

Mark