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Administration Seeks Increase in Oversight of Executive Pay
nytimes.com ^ | March 21, 2009 | STEPHEN LABATON

Posted on 03/21/2009 2:32:56 PM PDT by Free ThinkerNY

WASHINGTON — The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation, government officials said.

The outlines of the plan are expected to be unveiled this week in preparation for President Obama’s first foreign summit meeting in early April.

Increasing oversight of executive pay has been under consideration for some time, but the decision was made in recent days as public fury over bonuses has spilled into the regulatory effort.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: agenda; bho44; powergrab; socialism

1 posted on 03/21/2009 2:32:56 PM PDT by Free ThinkerNY
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To: Free ThinkerNY

Nixon tried wage controls.

They didn’t work then and they won’t work now.


2 posted on 03/21/2009 2:34:19 PM PDT by Glenn (Free Venezuela!)
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To: Free ThinkerNY

Welcome to the Union of Soviet Socialist Republics in Amerika.


3 posted on 03/21/2009 2:34:36 PM PDT by 2ndDivisionVet (In honor of my late father-Gysgt/Comm. Chief, USMC WWII, Korea 1925-2002)
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To: Free ThinkerNY

present insane obama strikes again


4 posted on 03/21/2009 2:35:39 PM PDT by chuck_the_tv_out
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To: 2ndDivisionVet

5 posted on 03/21/2009 2:36:42 PM PDT by Free ThinkerNY ((((Truth to a Liberal, is like a crucifix to a vampire))))
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To: Free ThinkerNY

Next up Hollywood, professional sports, and book deals ... oh, wait a minute ...


6 posted on 03/21/2009 2:36:43 PM PDT by maggief
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To: Free ThinkerNY

B. Hugo Obama.


7 posted on 03/21/2009 2:36:57 PM PDT by Jim Robinson
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To: Jim Robinson

8 posted on 03/21/2009 2:38:45 PM PDT by Free ThinkerNY ((((Truth to a Liberal, is like a crucifix to a vampire))))
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To: Free ThinkerNY

They won’t stop until they control and reduce everyone to “world workers.” Only they will enjoy high salaries and benefits - on our backs.


9 posted on 03/21/2009 2:39:57 PM PDT by anniegetyourgun
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To: Free ThinkerNY

This communist piece of crap has to be stopped.


10 posted on 03/21/2009 2:40:01 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: Free ThinkerNY

First they came for the Jews, but I wasn’t Jewish so I didn’t speak up........


11 posted on 03/21/2009 2:40:10 PM PDT by Feckless (No Birth Certificate... No Peace)
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To: Free ThinkerNY

Fascism - Wikipedia, the free encyclopedia
Etymology|
Definitions|
Core tenets|
Racism and racialism
Fascism is a radical, authoritarian nationalist ideology that aims to create a single-party state with a government led by a dictator who seeks national unity and development by requiring individuals to subordinate self-interest to the collective interest of the nation...
http://en.wikipedia.org/wiki/Fascism - 369k - Cached

fascism: Definition from Answers.com
fascism n. often Fascism A system of government marked by centralization of authority under a dictator, stringent socioeconomic controls,
http://www.answers.com/topic/fascism - 556k - Cached


12 posted on 03/21/2009 2:40:31 PM PDT by RaceBannon (We have sown the wind, but we will reap the whirlwind. NObama. Not my president.)
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To: Free ThinkerNY

Taking on the people of power and influence and especially wealth is one of the dumbest things a politician can due.

I suspect there will be lots of backroom deals done to keep the gravy train rolling.


13 posted on 03/21/2009 2:42:24 PM PDT by HEY4QDEMS
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To: Free ThinkerNY
We are going to see how much power Gruppenfuehrer Soros has over the regular reds and criminal bandit industrialists.

The Barney Franks’ and Chris Dodds’ of the world don't like having attention called to their piracy and shenanigans. Even the media firewall is having trouble giving them cover, and the Obamists are loyal only to themselves.

It will be interesting to see how many mental midgets are willing to walk the streets and malls for Chairman O, rather than pop their pimples. I would say they might have no better time of it than the traditional door to doors in my neighborhood, although the training video says this is “just the first step” and that they want “a presence in every neighborhood.”

Look what these idiots voted in. I voted for McCain awful as he was, and I know he wouldn't be sending people door to door. The media would cook any Republican that tried that.

14 posted on 03/21/2009 2:43:41 PM PDT by Luke21
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To: Free ThinkerNY
"Obama administration will call for increased OVERSIGHT of executive pay at all banks, Wall Street firms and POSSIBLY other companies" (Emphasis Mine)

Unfortunately, too many people on the right, think this is simply an indication of laughable incompetence. And too many people on the left think this is just an example of an attempt at fairness.

The incremental change of Fabian Socialism has turned into the overwhelming change of Totalitarianism.

Not joking.

15 posted on 03/21/2009 2:44:56 PM PDT by ChicagahAl (Don't blame me. I voted for Sarah.)
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To: Free ThinkerNY

my god. Timmy the tax cheat can now seize and nationalize US corporations, if the POTUS agrees?

Too bad we don’t have conservative party in the US. If we had, it would be all over this.


16 posted on 03/21/2009 2:46:10 PM PDT by heiss
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To: Luke21

I voted for McCain awful as he was, and I know he wouldn’t be sending people door to door.
_______________________________

You hit the nail on the head. That distinction is why many people held their noses and voted for McCain/Palin.

Line of the day!


17 posted on 03/21/2009 2:47:20 PM PDT by JavaJumpy
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To: Free ThinkerNY

“pssibly other companies”

Ha, take that you stupid CEOs who love to donate to donuts.


18 posted on 03/21/2009 2:47:21 PM PDT by freeangel ( (free speech is only good until someone else doesn't like what you say))
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To: Free ThinkerNY

I’m sure most of you saw this on Drudge (it seems Drudge is down for now thought):

http://www.ft.com/cms/s/0/4ff2f77e-1584-11de-b9a9-0000779fd2ac.html

If not just check the above FT link. We the People have elected a bunch of morons.


19 posted on 03/21/2009 2:47:25 PM PDT by Chgogal (Don't look at me, Comrade. You elected them! Hail to our very own President Mugabe!)
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To: Free ThinkerNY
Wall Street firms and possibly other companies

By what authority?!

Does that include union bosses too (and a so called president)?! /s

He could start by not taking a salary since he isn't doing a damn thing but campaigning.

20 posted on 03/21/2009 2:48:06 PM PDT by kcvl
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To: Free ThinkerNY

2010 - we take this country back - 2010


21 posted on 03/21/2009 2:48:23 PM PDT by turducken
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*


22 posted on 03/21/2009 2:49:21 PM PDT by TornadoAlley3 (Obama is everything Oklahoma is not.)
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To: RaceBannon
"Fascism"

I wholeheartedly agree. Every time I point out that the Obamanistas are Fascist, someone wants to argue with me, and calls them Marxists or Communists.

There is a difference. It's important to know what enemy you are fighting.

Semper Fi, by the way.

23 posted on 03/21/2009 2:53:01 PM PDT by ChicagahAl (Don't blame me. I voted for Sarah.)
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To: Glenn
Nixon's wage controls were not as onerous as this jerk’s ideas. This asswipe is nothing more than a populist in the body of a non citizen. He has had a chip on his shoulder toward anyone in the establishment which he considers anyone who: had a high paying job, actually did something to further business, is Christian, did not rely upon some form of affirmative action to get ahead and is white.
Vince
24 posted on 03/21/2009 2:53:01 PM PDT by Mouton
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To: ChicagahAl
Not joking.

Not laughing.

25 posted on 03/21/2009 2:53:27 PM PDT by Bahbah (Typical white person-Snow white)
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To: Free ThinkerNY

Ayn, how did you know?


26 posted on 03/21/2009 2:54:04 PM PDT by EGPWS (Trust in God, Question everyone else)
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To: ChicagahAl

ya know, I think they are taking from both, sometimes they act like commies, sometimes like facists


27 posted on 03/21/2009 2:58:15 PM PDT by RaceBannon (We have sown the wind, but we will reap the whirlwind. NObama. Not my president.)
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To: Free ThinkerNY
[. . .the decision was made in recent days as public fury over bonuses has spilled into the regulatory effort.]

The whole AIG episode—from Obama’s feigned anger, to congressional Democrats’ obscene buffoonery, to chanting union “protesters” and Code Pink—was political theater choreographed from the White House. Obama’s “Reichstag fire” will be the rationale for draconian tax codes and regulations.

When the prevailing belief system dictates that unions create jobs, CO2 is a pollutant, and only government can solve problems, it's not unreasonable to identify a corrupt, partisan political pamphlet like the New York Times as a “newspaper.”

28 posted on 03/21/2009 3:00:43 PM PDT by Brad from Tennessee ("A politician can't give you anything he hasn't first stolen from you.")
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To: Brad from Tennessee
Good points Free. Anyone who thinks this is not orchestrated believes they are playing notes at a symphony.

My exhibit one is the Pelousy O Zero comments within a day of each other dealing with immigration and amnesty. The fuhrer obviously believes in blitzkrieg that is all out total attack before the opposition has a chance to defend. Unfortunately the sane people in this country are now the equal of the British at Dunkirk but unfortunately the life boats are not to be seen.

Vince

29 posted on 03/21/2009 3:07:48 PM PDT by Mouton
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To: Mouton
This response is not specifically for Mouton. Correct me if I am wrong, but didn't we travel this road during the Clinton administration when luxury taxes were levied on ‘yachts’ and private aircraft which resulted in many losing their jobs. At the same time high salaries were considered the epitome of evil so the ‘bonuses’ were invented since they are tied to performance. So, 20 years ago the liberals demonized high salaries but approved bonuses now they are after the bonuses. If there is any doubt that there is a war against prosperity a little history review would change that thought.
30 posted on 03/21/2009 3:14:14 PM PDT by midcop402
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To: Mouton
[. . .the sane people in this country are now the equal of the British at Dunkirk. . .]

Their ranks are about to be swelled by the affluent liberal class Obama is alienating at every turn. Many in the news media are waking up to the reality that Obama’s reckless experiments will undermine them with the rest of the economy.

31 posted on 03/21/2009 3:15:56 PM PDT by Brad from Tennessee ("A politician can't give you anything he hasn't first stolen from you.")
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To: Free ThinkerNY

Barney Frank wants to be every bank executive’s proctologist so he personally can check for hidden bonuses...


32 posted on 03/21/2009 3:25:14 PM PDT by Stayfree ((HELP US EXPOSE THE "REAL" BIRTH CERTIFICATE @ REWARD FOR OBAMA'S BIRTH CERTIFICATE.COM!))
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To: Brad from Tennessee

Brad: Another recollection from recent history: When the Lao took over in Cambodia, they took all the achievers and sent them to the fields. That is exactly what is happening here now. Unfortunately for those doing it, they forget one simple truth: When they kill the Golden Goose, there are no more golden eggs. O Zero who has not even had experience running a lemon aid stand is now calling the shots on how business should be conducted and how much people should make and then how much more in tax they should pay. Sooner or later the Chinese are going to say no more money for your ideas and then stark reality takes over: inflation and a broken government, too broke for any more handouts.
Vince


33 posted on 03/21/2009 3:25:42 PM PDT by Mouton
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To: kcvl

How about the misuse and waste of using large military jets by Rancid Pelosi...


34 posted on 03/21/2009 3:26:51 PM PDT by Stayfree ((HELP US EXPOSE THE "REAL" BIRTH CERTIFICATE @ REWARD FOR OBAMA'S BIRTH CERTIFICATE.COM!))
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To: Stayfree
That burns my butt more than the Obama’s bragging about their perks!
35 posted on 03/21/2009 3:30:28 PM PDT by kcvl
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To: Free ThinkerNY
This news came out last month.. I told people about it and they couldn't believe it was true.. They said “It's only for those who took bailout money.”
36 posted on 03/21/2009 3:34:49 PM PDT by divine_moment_of_facts ("Hey Liberals.. We don't lower our standards, so up yours!" - Andrew Wilkow show)
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To: kcvl
By what authority?!

By one party rule.. and I do mean RULE.
37 posted on 03/21/2009 3:38:08 PM PDT by divine_moment_of_facts ("Hey Liberals.. We don't lower our standards, so up yours!" - Andrew Wilkow show)
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To: Mouton
[. . .they took all the achievers and sent them to the fields. . .]

The advantage, in my opinion, of capitalism over communism is that capitalism appears to begin with the natural human trait of bartering and evolves into larger systems. Communism is a system conceived on paper then imposed by force. Marxist movements may be founded by idealists but are always hijacked by thugs who turn them into corrupt, criminal conspiracies. Obama is following a fixed agenda, oblivious to the political damage he's doing to himself and the Democrats. There has got to be some closed-door meetings going on in the Capitol among moderates and Bluedogs--swamped with e-mails and phone calls from alarmed constituents. As a figure that slithered out of the corrupt Chicago machine Obama no doubt is dirty. Tony Rezko and others could bring him down. Where is Patrick Fitzgerald now that we need him?

38 posted on 03/21/2009 4:09:27 PM PDT by Brad from Tennessee ("A politician can't give you anything he hasn't first stolen from you.")
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To: Brad from Tennessee

Everyone should read IT CAN’T HAPPEN HERE written in 1935 by Sinclair Lewis. About totalitarian government coming to USA. The president put a cap on wages at $500K max.


39 posted on 03/21/2009 4:14:17 PM PDT by buffyt (Obama Is Dumb Enough To Be Twins!)
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To: Free ThinkerNY

Oh goody! Let’s see Diane Feinswine’s husband take a pay cut from his lucrative deals with China. And Queen Nancy Pelosi’s family doesn’t need all their millions. And how about Harry Reid and his corrupt money-making land deals in Nevada? And the Kennedy clan won’t mind contributing their family fortune to the rest of us, who didn’t have a father/grandfather who did business with the Nazis during WWII. Surely all the Dems like Peter Lewis, head of Progressive Insurance, won’t mind having a salary cap of $250,000...in the interest of equality and fairness, you know. I’m sure they’ll be proud to contribute to BO’s Communist revolution.


40 posted on 03/21/2009 4:18:54 PM PDT by kittymyrib
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To: buffyt

Thank God there’s more private firearms in the U.S. than people.


41 posted on 03/21/2009 4:32:53 PM PDT by Brad from Tennessee ("A politician can't give you anything he hasn't first stolen from you.")
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To: Free ThinkerNY

I wonder how they define executive.


42 posted on 03/21/2009 4:58:44 PM PDT by brytlea (Jesus loves me, this I know.)
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To: turducken

There may not be much left to take back by 2010.


43 posted on 03/21/2009 5:01:06 PM PDT by brytlea (Jesus loves me, this I know.)
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To: Brad from Tennessee
The whole AIG episode—from Obama’s feigned anger, to congressional Democrats’ obscene buffoonery, to chanting union “protesters” and Code Pink—was political theater choreographed from the White House.

I have been saying this for days, as some Freepers argued with me.

44 posted on 03/21/2009 5:02:48 PM PDT by brytlea (Jesus loves me, this I know.)
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To: Brad from Tennessee

Actually, since he’s targeting INCOME he is not alienating as many of his liberal friends as you might think. They don’t get salaries, because they don’t work.


45 posted on 03/21/2009 5:04:26 PM PDT by brytlea (Jesus loves me, this I know.)
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To: Free ThinkerNY

Typical! I hope some of Obama’s big business supporters, especially the Hollywood freaks, get a taste of this.


46 posted on 03/21/2009 9:33:08 PM PDT by Anti-Bubba182
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To: Free ThinkerNY

Punch bowl, meet turd.


47 posted on 03/21/2009 10:37:40 PM PDT by Islander7 (If you want to anger conservatives, lie to them. If you want to anger liberals, tell them the truth.)
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To: Anti-Bubba182

Typical! I hope some of Obama’s big business supporters, especially the Hollywood freaks, get a taste of this....”

They will be exempt, count on it.


48 posted on 03/21/2009 10:41:35 PM PDT by Islander7 (If you want to anger conservatives, lie to them. If you want to anger liberals, tell them the truth.)
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To: Free ThinkerNY

Hussein can shove it.


49 posted on 03/22/2009 6:07:13 PM PDT by Recovering_Democrat (I'm SO glad I no longer belong to the party of Dependence on Government!)
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