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US government seeks to rein in executive pay
Yahoo! Finance ^ | Thursday June 11, 2009, 10:40 am EDT | Jim Kuhnhenn, Associated Press Writer

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 ...


TOPICS: Breaking News; Crime/Corruption; Government; Politics/Elections
KEYWORDS: america2point0; asocialistamericam; backintheussa; change; dictatorship; obamanomics; obamunism; paycap; socialism; transparency; ussa
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Welcome to the U.S.S.A.!!! >:-(

Hypocrites!

1 posted on 06/11/2009 7:53:52 AM PDT by pillut48
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To: pillut48

They see the Oflationary writing on the wall, and it scares them deathless.


2 posted on 06/11/2009 7:55:12 AM PDT by Atlas Sneezed (Typical "Rightwing Extremist")
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To: pillut48

I just don’t see why the country is not in total outrage with this administration.


3 posted on 06/11/2009 7:55:34 AM PDT by JFC
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To: pillut48

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.


4 posted on 06/11/2009 7:56:39 AM PDT by DonaldC
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To: pillut48
unfreakin' - believable!

maybe THIS will allow the US discontent to reach critical mass?

...not holding breath ... but we can't be far.

5 posted on 06/11/2009 7:57:04 AM PDT by Principled (Get the capital back! NRST!)
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To: JFC

If there is an all out march in DC to show displeasure with our congress and uhbama and his thugs, I’m there.


6 posted on 06/11/2009 7:57:17 AM PDT by Republic (Jedem das Seine)
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To: pillut48

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.


7 posted on 06/11/2009 7:57:27 AM PDT by DOGEY
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To: Principled

the envious US masses will probably approve.


8 posted on 06/11/2009 7:57:54 AM PDT by MNDude
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To: pillut48

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?


9 posted on 06/11/2009 7:58:06 AM PDT by roses of sharon (We must get a grip on what we can, and hold on. Hold on with energy, imagination, and ferocity)
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To: pillut48
Setting the wages of private companies is blatantly un-Constitutional. Of course setting minimum wages is also. I sure miss the USA I grew up in, for today and tomorrow all is lost.
10 posted on 06/11/2009 7:58:11 AM PDT by 2001convSVT ("Only Property Owners that pay taxes should have the right to Vote")
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To: pillut48

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.


11 posted on 06/11/2009 7:58:21 AM PDT by MAD-AS-HELL (Hope and Change. Rhetoric embraced by the Insane - Obama, The Chump in Charge)
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To: pillut48

So, I assume, the publically held movie studios and sports franchises will cut actors and players salaries.


12 posted on 06/11/2009 7:58:35 AM PDT by MacombBob
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To: pillut48
Separation of Freedom and State.

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.

13 posted on 06/11/2009 7:59:29 AM PDT by Servant of the Cross (the Truth will set you free)
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To: pillut48
” link compensation to long-term performance, not short-term gains.”

Good idea. We'll start with public school teachers. They will get minimum wage with no benefits until further notice.

14 posted on 06/11/2009 7:59:43 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: pillut48

Welcome to communism, folks.


15 posted on 06/11/2009 7:59:45 AM PDT by reagan_fanatic (When you put Democrats in charge, stupid things happen)
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To: pillut48

Including actors and lawyers?


16 posted on 06/11/2009 7:59:54 AM PDT by Marylander
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To: MNDude

“Americans”, (if we can call them that anymore), have not a clue....completely uninformed by the commie media.


17 posted on 06/11/2009 8:00:10 AM PDT by roses of sharon (We must get a grip on what we can, and hold on. Hold on with energy, imagination, and ferocity)
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To: pillut48

JUST more typical class warfare, from the left. this is the real agenda.. it’s happening slowy but surely... Socialism/Marxism.


18 posted on 06/11/2009 8:00:15 AM PDT by Chuzzlewit
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To: pillut48
Hey Mr. Obama, YOU FIRST.

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.

19 posted on 06/11/2009 8:00:22 AM PDT by MaestroLC ("Let him who wants peace prepare for war."--Vegetius, A.D. Fourth Century)
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To: Beelzebubba

The Fuhrer has spoken.


20 posted on 06/11/2009 8:00:22 AM PDT by ExTexasRedhead
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To: MacombBob

“So, I assume, the publically held movie studios and sports franchises will cut actors and players salaries.”

I was thinking the same thing...will all of Zero’s supporters in the entertainment and sports industries be getting a pay cut?


21 posted on 06/11/2009 8:00:26 AM PDT by LottieDah (If only those who speak so eloquently on the rights of animals would do so on behalf the unborn)
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To: pillut48

“The Obama administration says executive compensation must be better managed to prevent the sort of risk-taking that jeopardizes the economy.”

Uh...the author means they better prevent risk takers from achieving anything, accomplishing great goals, etc.

Welcome to the land of enforced mediocrity.


22 posted on 06/11/2009 8:00:31 AM PDT by vladimir998 (Ignorance of Scripture is ignorance of Christ. St. Jerome)
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To: pillut48
the root of the issue can be traced back to the unconstitutional income tax which basically eliminates most privately owned companies...private companies are almost always managed for the long term...not ‘short term high-risk high reward’
23 posted on 06/11/2009 8:00:43 AM PDT by FreedomProtector
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To: MacombBob
"So, I assume, the publically held movie studios and sports franchises will cut actors and players salaries."

I'll do my part by boycotting the above :o)

24 posted on 06/11/2009 8:01:06 AM PDT by editor-surveyor (The beginning of the O'Bummer administration looks a lot like the end of the Nixon administration)
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To: pillut48

But those that are heavily compensated pay more taxes...they’re killing the goose that lays the golden egg! Limit compensation, and tax revenues will decrease.


25 posted on 06/11/2009 8:01:20 AM PDT by dawn53
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To: pillut48
The Obama administration says executive compensation must be better managed to prevent ...

vastly overpaid athletes and actoress trash from making 25 million a year?

26 posted on 06/11/2009 8:01:59 AM PDT by bill1952 (Power is an illusion created between those with power - and those without)
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To: vladimir998
"Welcome to the land of enforced mediocrity."

We already had that: Europe.

27 posted on 06/11/2009 8:02:21 AM PDT by editor-surveyor (The beginning of the O'Bummer administration looks a lot like the end of the Nixon administration)
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To: pillut48

The ammo “stock market” will jump on this news.


28 posted on 06/11/2009 8:02:28 AM PDT by Sir Gawain ("Let every man make known what kind of government would command his respect" - Thoreau)
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To: MacombBob

Ah, you might be onto something!! I would think sports celebrities would be included in this as well—can’t have them making millions of $$$$$$$ a year, while the majority of teachers (many in the unions!) are scrimping by with less than $50K a year to survive on—I guess this means teachers can expect HUGH pay raises into the millions before too long??

Equal pay for all, share the wealth, share the $$$$$$$$, that’s HolyO’s philosophy, right???

Okay. I’m claiming my piece of George Soros’ pie right here and now. I want my $50 million in small bills, please!!


29 posted on 06/11/2009 8:02:40 AM PDT by pillut48 (CJ in TX --"God help us all, and God help America!!" --my new mantra for the next 4 years)
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To: pillut48

THIS IS extraordinary. The Obama Administration has no legal authority to do this.

Man, these people really do hate business.

Where do these turkeys think all the money comes from anyhow? Do they think it floats down out of the sky and lands in the US General Fund?

Pinheads.


30 posted on 06/11/2009 8:02:49 AM PDT by RexBeach ("Do your duty in all things." Robert E. Lee)
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To: vladimir998; editor-surveyor
Welcome to the land of enforced mediocrity.

Directive 10-289

31 posted on 06/11/2009 8:03:35 AM PDT by bill1952 (Power is an illusion created between those with power - and those without)
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To: pillut48

32 posted on 06/11/2009 8:03:55 AM PDT by Diogenesis (Igitur qui desiderat pacem, praeparet bellum)
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To: JFC

“I just don’t see why the country is not in total outrage with this administration.”

As long as the men go home to drink a beer, cook a brat on the grill, and watch sports on TV....

As long as the women can make dinner in the kitchen, buy some clothes, and watch “Dancing with the Stars”....

Bread and Circuses. They don’t care beyond that.


33 posted on 06/11/2009 8:04:07 AM PDT by henkster (The GOP is housebroken window-dressing displayed to portray the fiction of a Republic.)
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To: pillut48

34 posted on 06/11/2009 8:04:18 AM PDT by Diogenesis (Igitur qui desiderat pacem, praeparet bellum)
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To: pillut48
Will the people that watch dancing with the stars and think all is peachy finally -------> WAKE UP and see the King radical marxist?
35 posted on 06/11/2009 8:04:32 AM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: ExTexasRedhead

Don’t turn around, oh oh
Der Kommissar’s in town, oh oh
You’re in his eye
And you’ll know why
The more you live
The faster you will die

Alles klar, Herr Kommissar?

Hear the children
Don’t turn around, oh oh
Der Kommissar’s in town, oh oh
He’s got the power
And you’re so weak
And your frustration will not let you speak

-Falco


36 posted on 06/11/2009 8:04:45 AM PDT by WOBBLY BOB (ACORN:American Corruption for Obama Right Now)
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To: pillut48

I’m sick and tired of seeing CEO’s kill a company and walk away with $200 milion dollar golden parachute while the stockholders get screwed.

Don’t get me wrong...I don’t care what a ceo get’s paid. The company can pay them $10 billion per year I do not care...as long as they back it up with performance.

The current system is based upon ceo board cronyism and little stockholders like me have no say in the matter. Yeah you’ll say I can sell my stock....or don’t buy the stock..but get real, that is not the answer.

Way too many Carley Fioni’s out there.

If they get a golden parachute base the payouts over a period of years so if the ceo made a stupid decision that falls out right after they leave they don’t walk away scott free. They will think twice on their decision(s)

Ceo’s need to make more decisions on the long term effects to their companies, not short term profits. That is the current trend that is killing our corporations...that is get in, make your money and get out. Screw the remaining people holding the stock.


37 posted on 06/11/2009 8:04:56 AM PDT by tc45a
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To: JFC

Those out of work are still pulling unemployment...staying home doing nothing and getting paid for it....They are still eating out, still have money to pay car payments etc.....Just wait until there is no more $$$ coming in... OTOH Then they’ll be wanting another hand out.


38 posted on 06/11/2009 8:05:02 AM PDT by hoosiermama (Hey hey! Ho ho! Where's your Birth Certificate/ We've a right to know!)
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To: roses of sharon
"Where is our Congress?"

Getting ready for summer vacation.

This 'pay' thing doesn't affect their ROYAL pay or benefits so....see ya!!

39 posted on 06/11/2009 8:05:23 AM PDT by blam
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To: RexBeach
Image and video hosting by TinyPic
40 posted on 06/11/2009 8:05:40 AM PDT by pillut48 (CJ in TX --"God help us all, and God help America!!" --my new mantra for the next 4 years)
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To: RexBeach

“THIS IS extraordinary. The Obama Administration has no legal authority to do this.”

Didn’t the Commie FDR do exactly the same thing?


41 posted on 06/11/2009 8:05:55 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: Marylander
Including actors and lawyers?

Baseball, football and basketball players too.

42 posted on 06/11/2009 8:06:15 AM PDT by ladyjane
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To: roses of sharon
Our Congress is filled with a majority of Democrat Socialists and worthless RINOs.
43 posted on 06/11/2009 8:06:31 AM PDT by Bronzy
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To: JFC
"I just don’t see why the country is not in total outrage with this administration."

Because 25 plus million Americans per night get their news from either CBS, NBC, or ABC. I did the horror and watched them all last week. Trust me, it's all roses and sunshine on those nightly news programs. Obama is still "saving" us from the evil Bush.

44 posted on 06/11/2009 8:06:59 AM PDT by avacado
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To: hoosiermama
"Then they’ll be wanting another hand out."

And, they'll get it. This won't stop until even the 'seed corn' is gone.

45 posted on 06/11/2009 8:07:18 AM PDT by blam
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To: pillut48

Kill the Golden Goose?

What kind of idiot resides in our White House?


46 posted on 06/11/2009 8:07:37 AM PDT by OldNavyVet (The essence of evil lies in the irrational.)
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To: pillut48

Corporate America will pay.

There’s a reason that Michelle Obama advised black audiences to shun working in offices for corporations.


47 posted on 06/11/2009 8:08:07 AM PDT by a fool in paradise (June 4, 2009 - the day Barack Obama threw all of America under the bus.)
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To: JFC
I just don’t see why the country is not in total outrage with this administration.

Outrage died in the 90's. America's too whacked out on Soma to give a damn.

48 posted on 06/11/2009 8:08:16 AM PDT by WhistlingPastTheGraveyard
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To: pillut48

mike church is on it right now, He just played emporer palapatine ushing in the galactic empire. lol


49 posted on 06/11/2009 8:08:26 AM PDT by 09Patriot (I am a MILITANT Conservative, compassionate conservatism got us NOWHERE)
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To: pillut48

My pay has already been cut this year to be competative with rates in India.

This d*** can go screw.


50 posted on 06/11/2009 8:09:00 AM PDT by a fool in paradise (June 4, 2009 - the day Barack Obama threw all of America under the bus.)
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