Skip to comments.US government seeks to rein in executive pay
Posted on 06/11/2009 7:53:52 AM PDT by pillut48
WASHINGTON (AP) -- The Obama administration says executive compensation must be better managed to prevent the sort of risk-taking that jeopardizes the economy.
Gene Sperling, who advises Treasury Secretary Timothy Geithner, said Thursday the administration does not want to impose caps on executive pay. But he also laid out for the House Financial Services Committee a list of guidelines calling on publicly-held companies to link compensation to long-term performance, not short-term gains.
(Excerpt) Read more at finance.yahoo.com ...
They see the Oflationary writing on the wall, and it scares them deathless.
I just don’t see why the country is not in total outrage with this administration.
There may be a case in that how executives are compensated did drive them to steer their businesses into more risky ventures and drive outsourcing faster than it normally would have occurred, but that is because the gov was setting up tax structures that drove compensation that way to begin with. So once again, it is the gov’s fault.
maybe THIS will allow the US discontent to reach critical mass?
...not holding breath ... but we can't be far.
If there is an all out march in DC to show displeasure with our congress and uhbama and his thugs, I’m there.
This executive pay limit will be part of the government’s 5 year plan. Those violating the pay limitations should be turned in by their family or neighbors.
the envious US masses will probably approve.
All the while government workers are growing, college grads this year are going to DC in droves, what about tax payer funded salaries?
Do we get no say?
Where is our Congress?
this is just verbal blather to rattle the cage at this point in time. Let’s see if legislation ever materializes. I bet it doesn’t. As for the companies that took Gov money, well..they aren’t so lucky.
So, I assume, the publically held movie studios and sports franchises will cut actors and players salaries.
Keep your hands off my money.
Government bureaucrats can't tell me what to do my employees?
Bring out all of the leftist statements regarding abortion rights and they actually fit this issue.
Good idea. We'll start with public school teachers. They will get minimum wage with no benefits until further notice.
Welcome to communism, folks.
Including actors and lawyers?
“Americans”, (if we can call them that anymore), have not a clue....completely uninformed by the commie media.
JUST more typical class warfare, from the left. this is the real agenda.. it’s happening slowy but surely... Socialism/Marxism.
No more $21,00 dates to New York on our dime. No more shopping sprees in France for your wife and children. No more pizza delivered from 850 miles to your White House parties. No more flyovers in New York just for a lousy photo op.
Please stop lecturing us about how we spend our money until you have some self-control yourself.
The Fuhrer has spoken.
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