Posted on 10/21/2009 12:50:00 PM PDT by Boiling Pots
Pay Czar ordering deep cuts in exec comp for those in companies receiving "exceptional assistance" from govt.
Feinberg -- officially called "Special Master" -- will be slashing the salaries of the top 25 execs at those cos by an avg of 90%. yep: 90%.
Thats what they get for voting Dem. If Wall Street has a problem with this I expect them to donate and vote accordingly...otherwise they can pay the piper.
Come on 2010 and come on America - lets get some qualified people to vote for.
“NEXT:
All companies with government contracts.”
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Yes.
That is how the ENTIRE government-backed leftist agenda has been forced upon America for decades:
Think affirmative action.
Think environmental nonsene and other regulations.
“Industrialists were visited by state auditors who had strict orders to examine the balance sheets and all bookkeeping entries of the company or individual businessmen for the preceding two, three, or more years until some error or false entry was found,” explains Reimann. “The slightest formal mistake was punished with tremendous penalties. A fine of millions of marks was imposed for a single bookkeeping error.”
Reimann quotes from a businessman’s letter: “You have no idea how far state control goes and how much power the Nazi representatives have over our work. The worst of it is that they are so ignorant. These Nazi radicals think of nothing except ‘distributing the wealth.’ Some businessmen have even started studying Marxist theories, so that they will have a better understanding of the present economic system.
“While state representatives are busily engaged in investigating and interfering, our agents and salesmen are handicapped because they never know whether or not a sale at a higher price will mean denunciation as a ‘profiteer’ or ‘saboteur,’ followed by a prison sentence. You cannot imagine how taxation has increased. Yet everyone is afraid to complain. Everywhere there is a growing undercurrent of bitterness. Everyone has his doubts about the system, unless he is very young, very stupid, or is bound to it by the privileges he enjoys.
“There are terrible times coming.
If only I had succeeded in smuggling out $10,000 or even $5,000, I would leave Germany with my family. Business friends of mine are convinced that it will be the turn of the ‘white Jews’ (which means us, Aryan businessmen) after the Jews have been expropriated. The difference between this and the Russian system is much less than you think, despite the fact that we are still independent businessmen.”
The Vampire Economy-Doing Business Under Fascism-Gunther Reimann, 1939
True...I din’t take into consideration the masive stock packages these excs get. But, are they voting stock. Maybe that is the key. Any stocks offered are NON voting stocks.
Good Grief..din’t=didn’t
masive=massive
Yes, one small step at a time. Couched in ‘it’s good for you’.
Bailed out companies
All companies with government contracts
All companies applying for government contracts
*and for an even playing field*
All business must now follow OUR pay guidelines.
Then we slip into wages for employees, they’ll all be making more than the execs!
The point, I think, is to cut the pay so much that people WILL quit. Then Hussein will put his dunces in their place.
They do what they’re told, run the companies the way he wants (or, really, the way Rahm and Axeldork want)...and the absorption of more assets by these fascists continues.
They should shred the files, delete the harddrives, change the locks and leave the state. Just resign in the middle of the night after salting the fields.
“True...I din’t take into consideration the masive stock packages these excs get. But, are they voting stock. Maybe that is the key. Any stocks offered are NON voting stocks.”
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I really don’t want to say this, but perhaps some regulations are needed in this area, as the game seems rigged.
Your idea sounds like a good start to me.
The resumes are already flying.
Somehow I doubt this is going to be Goldman Sachs and their billion-dollar bonuses
Who in God’s creation wants to live in Grosse Pointe overlooking the cesspool of Detroit with the economy of Michigan?
What miracle is going to occur during the Obama administration to save Michigan? Are the people of Michigan ever going to wise up and remove Granholm?
My parents left there in the 80’s for Northern Kentucky.
I cannot imagine living in Michigan anymore and am very happy in Georgia.
Wild horses can’t drag me back there.
My solution would be that a company that took the money should be allowed to opt out of these rules - but only after they pay back every cent plus interest.
And a LOT more than any of those companies!
But this is such a blatant power grab/overstep of boundaries. How is that someone in one of these companies doesn’t stand up and say NO?
I’ve always kind of wondered how countries allowed themselves to be taken over. Is it just that no one is willing to believe what they see happening right in front of them?
Yep. Any who took the bailout. BOA, AIG
http://vceenglishkambrya2008.wikispaces.com/file/view/1984.ppt#256,1,Nineteen Eighty-Four
(tinny bugle call) 4/23/2011 “Spontaneous, irrepressible demonstrations of love and affection for President Obama again today on Wall Street, while a food riot began in Obamagrad (formerly `Chicago’) following confiscation of staples for the better good, and fighting continues in the inner provinces between reactionary, criminal, rightwing elements and government commandos ... “
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