can obama plz stfu about wall st. salary/bonuses already?

[Gothgar]

lol wut?

 

[Miramonti]

There has been a problem with executive pay for a long time and something has to be done. I'm not sure this is it but it has to be changed. Boards approve high payouts so they can gain favor and retain their positions, and receive a lot of pay from the executives they've approved large payouts for. It's completely fvcked up, except this time banks are essentially bankrupt and raiding government funds to do it. It absolutely can't continue this way, and if they don't police themselves, they simply force the govt to do it (which is not a good idea, but its a typical lack of accountability by the wall street pinheads that crys for the govt. to step in.)

 

[zinfamous]

Originally posted by: chuckywang

Originally posted by: SMOGZINN

Originally posted by: BlahBlahYouToo
at least let me get my share first.
😉

but seriously, i know for a fact that our top traders here will leave the company for another one that pays better in a heart beat.
you cannot expect to retain the good employees without compensating them accordingly.

What I am wondering is when did the President get the power to decide how private companies pay their employees?

when those companies decide to beg the government for money.

ouch

 

[Vette73]

Originally posted by: spidey07
Anybody that didn't think he would do this didn't listen to his campaign speeches. We'll all be equal earning worker drones here soon comrade!

Where can I sign up to be a 500k a year "worker drone"?

 

[gorcorps]

If you don't like what the obaminator says then don't listen to him. I don't... the country will keep running without you knowing ever little detail of 'the plan'.

 

[NL5]

Originally posted by: SMOGZINN

Originally posted by: BlahBlahYouToo
at least let me get my share first.
😉

but seriously, i know for a fact that our top traders here will leave the company for another one that pays better in a heart beat.
you cannot expect to retain the good employees without compensating them accordingly.

What I am wondering is when did the President get the power to decide how private companies pay their employees?

Easy. When crappy CEO's run companies into the ground, and are kept from going under by being bought out by taxpayers, who elect a guy to be in charge of their interests, and he is then given the authority to do as such. Don't like it? Keep your company in the private sector. See, easy. 🙂

 

[moshquerade]

Originally posted by: ultimatebob
Perhaps I'm just cynical, but I don't think that CEO's and senior executives should get multi-million dollar bonuses for running their businesses into the ground and needing the government to bail them out. Maybe that's just me, though.

Ayup.

 

[NL5]

Originally posted by: BlahBlahYouToo
at least let me get my share first.
😉

but seriously, i know for a fact that our top traders here will leave the company for another one that pays better in a heart beat.
you cannot expect to retain the good employees without compensating them accordingly.

There will be more qualified people for less high paying jobs. Simple supply and demand. Salaries will go down.

 

[PaNsyBoy8]

Originally posted by: SMOGZINN

Originally posted by: Aharami

Originally posted by: BlahBlahYouToo

Originally posted by: SMOGZINN

Originally posted by: BlahBlahYouToo
at least let me get my share first.
😉

but seriously, i know for a fact that our top traders here will leave the company for another one that pays better in a heart beat.
you cannot expect to retain the good employees without compensating them accordingly.

What I am wondering is when did the President get the power to decide how private companies pay their employees?

apparently as soon as you receive a bailout.

yes, that is EXACTLY how it should be. Taxpayers are funding your bonus, taxpayers should get to have a say in how much you get. It is absolutely sickening how greedy everyone in wall street is. They are already getting a huge fucking salary, they can live w/o the bonus for a year. Especially when rest of America is losing their homes and jobs left and right

No! That is not how it works. Taxpayers give them money to continue their business. We did not take over their business. If we didn?t like how they did business, then why did we bail them out?

I thought that the part of the bailout plan included government say in some of their matters, which is why mr president now has a say.

 

[moshquerade]

ahhh, so i see what brought on this thread.

President Barack Obama on Wednesday imposed $500,000 caps on senior executive pay for the most distressed financial institutions receiving federal bailout money, saying Americans are upset with "executives being rewarded for failure."

http://www.sfgate.com/cgi-bin/...l/w143727S80.DTL&tsp=1

 

[JS80]

I hope the top talents leave and start their own companies.

 

[rbV5]

Originally posted by: TallBill

Originally posted by: rbV5
Since we were all Wall Street patsies, he can STFU when we can all laugh about this later.

Seriously, this God Damn Obama bashing is what is getting irritating, how about you cowards post this shit in P&N where it belongs?

Meh

Gazoontite:lips:

 

[Linflas]

Originally posted by: JS80
I hope the top talents leave and start their own companies.

Meanwhile Barney Frank, Chris Dodd, and Charlie Rangel continue on untroubled and untouched.

 

[wyvrn]

Originally posted by: JulesMaximus

Originally posted by: BlahBlahYouToo
at least let me get my share first.
😉

but seriously, i know for a fact that our top traders here will leave the company for another one that pays better in a heart beat.
you cannot expect to retain the good employees without compensating them accordingly.

To expect bonuses when the entire economy is performing poorly is unrealistic. To expect bonuses when the taxpayers bailed out your poorly run businesses is absolutely ridiculous.

If you cannot be retained by your current employer without a bonus then leave. I don't give a fuck.

So you are penalizing the workers of the company who had no say in the decisions that the company made. And only at those companies where the managers made the bad decisions?

How in the name of Zeus's butthole do you think that is fair to the workers who are just trying to pay their mortgage?

This is an example of the current stupidity Americans have towards the financial crisis. People just want penalties and don't even bother to think who is getting hurt.

 

[NL5]

Originally posted by: wyvrn

Originally posted by: JulesMaximus

Originally posted by: BlahBlahYouToo
at least let me get my share first.
😉

but seriously, i know for a fact that our top traders here will leave the company for another one that pays better in a heart beat.
you cannot expect to retain the good employees without compensating them accordingly.

To expect bonuses when the entire economy is performing poorly is unrealistic. To expect bonuses when the taxpayers bailed out your poorly run businesses is absolutely ridiculous.

If you cannot be retained by your current employer without a bonus then leave. I don't give a fuck.

So you are penalizing the workers of the company who had no say in the decisions that the company made. And only at those companies where the managers made the bad decisions?

How in the name of Zeus's butthole do you think that is fair to the workers who are just trying to pay their mortgage?

This is an example of the current stupidity Americans have towards the financial crisis. People just want penalties and don't even bother to think who is getting hurt.

So, if they hadn't been bailed out, what would happen to said employees?

 

[LTC8K6]

To expect bonuses when the entire economy is performing poorly is unrealistic. To expect bonuses when the taxpayers bailed out your poorly run businesses is absolutely ridiculous.

If you make a decent profit in this economy, you deserve a bonus.

Don't bail out poorly run companies.

 

[SMOGZINN]

Originally posted by: NL5

Originally posted by: SMOGZINN

Originally posted by: BlahBlahYouToo
at least let me get my share first.
😉

but seriously, i know for a fact that our top traders here will leave the company for another one that pays better in a heart beat.
you cannot expect to retain the good employees without compensating them accordingly.

What I am wondering is when did the President get the power to decide how private companies pay their employees?

Easy. When crappy CEO's run companies into the ground, and are kept from going under by being bought out by taxpayers, who elect a guy to be in charge of their interests, and he is then given the authority to do as such. Don't like it? Keep your company in the private sector. See, easy. 🙂

That is exactly what I am asking, where did he get this authority? It was not in the agreement with the companies that took the money. It is not in the Constitution. Where did the President gain the power to determine how much private citizens get paid?

 

[Vette73]

Originally posted by: JS80
I hope the top talents leave and start their own companies.

:laugh: Yea cause they ran these companies so well that they should have no problem getting seed money and running a startup even better.

 

[BlahBlahYouToo]

Originally posted by: SMOGZINN

Originally posted by: NL5

Originally posted by: SMOGZINN

Originally posted by: BlahBlahYouToo
at least let me get my share first.
😉

but seriously, i know for a fact that our top traders here will leave the company for another one that pays better in a heart beat.
you cannot expect to retain the good employees without compensating them accordingly.

What I am wondering is when did the President get the power to decide how private companies pay their employees?

Easy. When crappy CEO's run companies into the ground, and are kept from going under by being bought out by taxpayers, who elect a guy to be in charge of their interests, and he is then given the authority to do as such. Don't like it? Keep your company in the private sector. See, easy. 🙂

That is exactly what I am asking, where did he get this authority? It was not in the agreement with the companies that took the money. It is not in the Constitution. Where did the President gain the power to determine how much private citizens get paid?

he didn't. it became an ethics issue, similar to you telling how your friend can spend the $50 that you loaned him.

 

[SMOGZINN]

Originally posted by: bonkers325
they should just call it performance based compensation, because thats what it essentially is.

It is performance based compensation. These execs managed to collectively get trillions of dollars in profit with out having to produce anything by simply lobbying Congress. Sounds like one hell of a job to me. :disgust:

 

[OutHouse]

hummm our PRESIDENT is wanting to tell PRIVATE companies how much to pay its employees???? can anybody say communism

i can

THIS IS COMMUNISM!!!

 

[SMOGZINN]

Originally posted by: BlahBlahYouToo

Originally posted by: SMOGZINN

Originally posted by: NL5

Originally posted by: SMOGZINN

Originally posted by: BlahBlahYouToo
at least let me get my share first.
😉

but seriously, i know for a fact that our top traders here will leave the company for another one that pays better in a heart beat.
you cannot expect to retain the good employees without compensating them accordingly.

What I am wondering is when did the President get the power to decide how private companies pay their employees?

Easy. When crappy CEO's run companies into the ground, and are kept from going under by being bought out by taxpayers, who elect a guy to be in charge of their interests, and he is then given the authority to do as such. Don't like it? Keep your company in the private sector. See, easy. 🙂

That is exactly what I am asking, where did he get this authority? It was not in the agreement with the companies that took the money. It is not in the Constitution. Where did the President gain the power to determine how much private citizens get paid?

he didn't. it became an ethics issue, similar to you telling how your friend can spend the $50 that you loaned him.

And if he just said 'hay give me $50 and I'll pay you back next week' and I handed it to him with no other questions, he can and should give me the finger for telling him what to do with his $50.

 

[OutHouse]

Originally posted by: BlahBlahYouToo

Originally posted by: SMOGZINN

Originally posted by: NL5

Originally posted by: SMOGZINN

Originally posted by: BlahBlahYouToo
at least let me get my share first.
😉

but seriously, i know for a fact that our top traders here will leave the company for another one that pays better in a heart beat.
you cannot expect to retain the good employees without compensating them accordingly.

What I am wondering is when did the President get the power to decide how private companies pay their employees?

Easy. When crappy CEO's run companies into the ground, and are kept from going under by being bought out by taxpayers, who elect a guy to be in charge of their interests, and he is then given the authority to do as such. Don't like it? Keep your company in the private sector. See, easy. 🙂

That is exactly what I am asking, where did he get this authority? It was not in the agreement with the companies that took the money. It is not in the Constitution. Where did the President gain the power to determine how much private citizens get paid?

he didn't. it became an ethics issue, similar to you telling how your friend can spend the $50 that you loaned him.

this is exactly why tax money should NOT be used to bail out anything. its the first step in the communist way of government. America is dying people and most of your are too stupid to see it.

 

[rbV5]

America is dying people and most of your are too stupid to see it.

teh ironing.

 

[Capt Caveman]

Originally posted by: Citrix
hummm our PRESIDENT is wanting to tell PRIVATE companies how much to pay its employees???? can anybody say communism

i can

THIS IS COMMUNISM!!!

They want gov't bailout money? They better listen.