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Originally Posted by uno
If they are going to take billions of our dollars and we are going to be temporary minority or majority shareholders in the companies, I don't see why we shouldn't be able to bitch slap them around a bit.
Whats funny is that a bunch of banks that were in "dire" need of bailouts suddenly want to pay back the bailout money so their execs don't take a pay cut.
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What do you suggest they do about the top-level bankers leaving the companies because pay is not what they can make at other companies?
This is already happening. Guys are being restricted on what they can earn so they are jumping ship to hedge funds and foreign finance groups. If a guy can make $2 million a year elsewhere but can only make $500,000 a year with you... where do you think he is going to go?
I understand the position of "if they take government money, there should be restrictions on what they should do." But, the government should also not meddle in business decisions... which is what's happening again and again lately. It's not good.