Rejoice Rejoice President Obama to cap CEO's pay

@bobmnu (8160)
United States
June 11, 2009 5:24pm CST
June 10 9:40 AM Headline "Obama appoints Pay Czar to set pay for top 175 Executives" Isn't it great that President Obama wants to cap the CEO's pay and bonuses. This is great he is sticking to the fat cats. No more million dollar salaries and no more 2-5 million dollar bonus. June 10 10:03 AM New Flash Pay Czar to set pay for top 175 Executives. now these guys will learn what it is like to be a working person. Wait a new bulletin June 10 10:12 AM Obama denies that government will set Executives Pay. I was hoping to stick it to those guys. June 10 11:06 AM Pay Czar to over see the pay of companies receiving Government aid. Maybe they will have to take a pay Cut! June 10 11:18 AM Obama seeks power for SEC to force companies to have share holders review the Executive pay. As a share holder this question has already come up with many companies and we had a chance to vote on it. This is nothing new. It seems that we now have a new position in the government who has a staff that will be loyal voters of President Obama, because if he leaves so will their job. mean while the top 7 companies close their world headquarters in the US an move them to Ireland (very low Business Tax) and put 50,000 Americans out of a job and move 25,000 employees overseas to Ireland. It seems that every time President Obama make a major policy statement you get instaneous clarifications as to what he said and in the end he really didn't do much at all.
2 responses
@usaction (651)
• United States
24 Jun 09
It's about time! Glory and who-ha! Those jerks have been getting billions, and have been sending all of the good jobs overseas! I say let them leave! Then, we can rely on good ol Yankee Ingenuity! We build ourselves up before, so we can do it again, without Corporate America screwing the people. Work can fire people for whatever reason they want, but it's almost impossible to fight back. Maybe this will be the first step to protecting workers' rights!
@bobmnu (8160)
• United States
25 Jun 09
Many years ago the Government tried to limit executives pay. The capped the amount of a salary that could be deducted from a Corp tax payments. What happened was Companies gave huge bonus and stock options. The Government has regulations in place that place limits on the stock options and how they can be traded. Don't forget the tax revenue generated from the high salaries. When President Obama bullied companies into not paying bonus it cost New York state Billions in lost Taxes and New York City lost almost a Billion in taxes. Even if that money were given to the workers the tax revenue would be much lower. At the same time they are criticizing companies for paying bonuses the Government is paying bonus to its workers and the politicians are spending down their office budgets to buy necessities like new lap tops, big screen TV and new office furniture. Not setting a very good example are they but who is complaining about that?
@Destiny007 (5820)
• United States
12 Jun 09
This Carter/FDR wannabe is going to cause what remaining business we have to leave the country. Who will pay the taxes then? 0bozo is a moron.
@bobmnu (8160)
• United States
12 Jun 09
The middle class working fools who will have no choice and can't aford to move.