exec pay cuts

Discussion in 'Free Speech Alley' started by LaSalleAve, Oct 21, 2009.

  1. LaSalleAve

    LaSalleAve when in doubt, mumble

    Joined:
    Jun 8, 2008
    Messages:
    44,034
    Likes Received:
    18,018
  2. Rex_B

    Rex_B Geaux Time

    Joined:
    Nov 1, 2003
    Messages:
    3,926
    Likes Received:
    187
    Yay.. More Govt. involvement..

    puke
     
  3. Krypto

    Krypto Huh?

    Joined:
    Dec 1, 2006
    Messages:
    4,181
    Likes Received:
    272
    In this situation, i have no problem with it. IF you took the bailout money, you have to follow certain rules UNTIL you pay every thing back. Once you are back on your own money, do what you want.
     
  4. martin

    martin Banned Forever

    Joined:
    Oct 20, 2003
    Messages:
    19,026
    Likes Received:
    934
    i guess if our socialist government is gonna run these companies they might as well go all out socialist.
     
  5. SabanFan

    SabanFan The voice of reason

    Joined:
    Oct 21, 2002
    Messages:
    26,080
    Likes Received:
    1,247
    The businesses will fail due to lack of competent leadership and the fed will never get their money back but phuck that. It's politically expedient and could translate into votes down the line.
     
  6. LaSalleAve

    LaSalleAve when in doubt, mumble

    Joined:
    Jun 8, 2008
    Messages:
    44,034
    Likes Received:
    18,018
    Ed Zachary
     
  7. SabanFan

    SabanFan The voice of reason

    Joined:
    Oct 21, 2002
    Messages:
    26,080
    Likes Received:
    1,247
    Re: exec pay cut


    Fine. No problem with that, but it's pissin' in the ocean. It's purely symbolic and political. Cutting executive salaries won't affect the bottom line one iota. However, running off talent will affect the profit/loss statement and what will be gained? The bailout money is wasted and the payback prospects are lessened. But it looks good to the left and Obama is doing whatever he can to keep them happy.

    Also, it's another sleight of hand play just like the "War on Fox". While we watch the left hand, the right hand is picking our pocket.

    Here's an idea. Spend the time figuring out what the hell we're going to do about Afghanistan, actually stimulating the economy and reforming healthcare without bankrupting the future of America in the process. Obama has accomplished nothing to date yet he's managed to keep his drooling faithful lapping up the hope and change BS.

    Quit running for President, Barry and start being a GD President.
     
    1 person likes this.
  8. saltyone

    saltyone So Mote It Be

    Joined:
    Dec 21, 2004
    Messages:
    7,647
    Likes Received:
    483
    The only problem is that the government will not allow anyone to pay back the money. They threatened to take over if companies didn't take it...they won't take it back from companies that don't want it...and they're charging 8% on the money while refusing repayment.

    This mess is phucked up.
     
  9. SabanFan

    SabanFan The voice of reason

    Joined:
    Oct 21, 2002
    Messages:
    26,080
    Likes Received:
    1,247
    The Master Plan is dependent upon maintaining government control.
     
  10. tima

    tima Founding Member

    Joined:
    Sep 28, 2005
    Messages:
    107
    Likes Received:
    9
    JPMorgan and 9 Other Banks Repay TARP Money
    June 17, 2009
    These 10 banks were informed by regulators last week that they were considered financially stable enough to return the government’s money.
     

Share This Page