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-   -   Obama wants to cap all executive pay? (https://gfy.com/showthread.php?t=895116)

IllTestYourGirls 03-21-2009 05:38 PM

Obama wants to cap all executive pay?
 
http://www.nytimes.com/2009/03/22/us...2regulate.html

Quote:

The new rules will cover all financial institutions, including those not now covered by any pay rules because they are not receiving federal bailout money. Officials say the rules could also be applied more broadly to publicly traded companies, which already report about some executive pay practices to the Securities and Exchange Commission. Last month, as part of the stimulus package, Congress barred top executives at large banks getting rescue money from receiving bonuses exceeding one-third of their annual pay.

SBJ 03-21-2009 05:42 PM

wow that is messed up!

tony286 03-21-2009 05:44 PM

its messed up? these mother fuckers wrecked our country.

Malicious Biz 03-21-2009 05:46 PM

Those capitalist swine get no sympathy from me. Bravo Obama.

After Shock Media 03-21-2009 05:47 PM

I can only say WOW! and not to what was quoted but all of the replies.

IllTestYourGirls 03-21-2009 05:49 PM

Quote:

Originally Posted by tony404 (Post 15658001)
its messed up? these mother fuckers wrecked our country.

So playboy wrecked our country?


Quote:

Officials say the rules could also be applied more broadly to publicly traded companies

tony286 03-21-2009 05:51 PM

Its not communism people dont care warren buffet is rich or bill gates or the google guys. They love watching rich brats on tv ie: paris hilton ,who are famous only for having money.They love watching Donald Trump fire people.So the whole communism and class warfare thing is nonsense. These guys fucked the whole country and want to take no responsibility. They should be thrown in jail. But it shows you whatever side you are on we have a very corrupt government ,it actually makes me sad.
It also makes me think they knew the end was coming and had to get rid of Eliot because he would been a big problem for them.

Doctor Dre 03-21-2009 05:52 PM

That'll send away all the good guys in the private sector.

I would be more for a law that puts crooks who put systemic risk on the financial system in jail.

IllTestYourGirls 03-21-2009 05:54 PM

Time for these companies to pack up and move over seas. Why would they stay here?

tony286 03-21-2009 05:55 PM

Quote:

Originally Posted by IllTestYourGirls (Post 15658011)
So playboy wrecked our country?

what are you talking about? if you read the whole article it is focused on financial.Also if you are a public company you like those stock dollars then you have to be answerable. These guys get big deals to hit short term numbers they do that by shipping jobs offshore and cutting as many employees as possible. So they get the big bucks. I dont know what you do for a living but those laid off and replaced people buy porn memberships.

tony286 03-21-2009 05:57 PM

Quote:

Originally Posted by IllTestYourGirls (Post 15658022)
Time for these companies to pack up and move over seas. Why would they stay here?

let them all go. it cant be worse than the shit they have done here.

IllTestYourGirls 03-21-2009 06:02 PM

Quote:

Originally Posted by Doctor Dre (Post 15658020)
That'll send away all the good guys in the private sector.

I would be more for a law that puts crooks who put systemic risk on the financial system in jail.

Thats not Obamas plan. Bailout those who failed punish those who played fair.

IllTestYourGirls 03-21-2009 06:03 PM

Quote:

Originally Posted by tony404 (Post 15658027)
let them all go. it cant be worse than the shit they have done here.

How much did you pay extra in your taxes this year so Obama can pay for his budget that will put us 1+ trillion more in debt then originally thought?

tony286 03-21-2009 06:32 PM

Quote:

Originally Posted by IllTestYourGirls (Post 15658044)
How much did you pay extra in your taxes this year so Obama can pay for his budget that will put us 1+ trillion more in debt then originally thought?

none i make under 250k. Healthcare and energy and education have to be dealt with. Health care costs are preventing businesses from being competitive in the world. Also 4 percent isnt the end of the world considering alot of people got rich during the Clinton years at that rate.Also it was 70 % under Nixon and 50% the first term of Reagan.Also everyone wanted to go to war someone has to pay for it. W did it on the chinese credit card. People seem to forget all the debt that was left to him.

pocketkangaroo 03-21-2009 07:05 PM

I think you're trying to pull something out of that article that isn't there. From what I read, he wants to put more regulations on how executives can give payouts while giving more power to the shareholders.

From what I've been reading, it seems more based on reporting and how open these executives must be. They can't hide golden parachutes from shareholders and work against the best interest of the company. There is a fine line between embezzelment and executive bonuses. I think the regulations are just looking to make that line a little clearer.

Splum 03-21-2009 07:09 PM

Obama is a smart man, leave him alone you fucking meanie!

LiveDose 03-21-2009 07:10 PM

Quote:

Originally Posted by tony404 (Post 15658001)
its messed up? these mother fuckers wrecked our country.



You're talking about congress right?

baddog 03-21-2009 07:11 PM

Quote:

Originally Posted by tony404 (Post 15658001)
its messed up? these mother fuckers wrecked our country.

Yeah, let's hear what you have to say when someone caps your pay.

baddog 03-21-2009 07:11 PM

Quote:

Originally Posted by tony404 (Post 15658017)
Its not communism people

Bullshit.

baddog 03-21-2009 07:13 PM

Quote:

Originally Posted by tony404 (Post 15658086)
none i make under 250k.

You are such a dreamer. You swallowed his bullshit hook, line and sinker. Probably asked for seconds.l

tony286 03-21-2009 07:15 PM

Quote:

Originally Posted by baddog (Post 15658176)
Yeah, let's hear what you have to say when someone caps your pay.

So you approve of just keep letting the guys who fucked this country in the ass just to run free. And if you took the time to read the article you would see whats its about. Instead of just trying to argue for the stake of arguing. I still like you anyway. Im happy today and Im going to stay that way. :)

tony286 03-21-2009 07:17 PM

Quote:

Originally Posted by baddog (Post 15658184)
You are such a dreamer. You swallowed his bullshit hook, line and sinker. Probably asked for seconds.l

Oh you know something different? I guess you just looked over when I keep saying probably 5 times now tim g has got to go. Please stop lol Protect the people that fucked your 401k its what the good sheep do.

pocketkangaroo 03-21-2009 07:25 PM

Quote:

Originally Posted by baddog (Post 15658176)
Yeah, let's hear what you have to say when someone caps your pay.

Where are you getting that this about capping what someone can make? It's about transparency for public companies and eliminating embezzlement. I don't see anything that says "execs can only make X amount of dollars".

HandballJim 03-21-2009 07:27 PM

I had seen on the news last night that the AIG executives had gaurds at their homes out of fear, in which AIG paid for...so I paid for. I have no respect for any of these CEO's or bank exects...they feds should cease their homes and accounts...and give back to the us.

This whole topic is hot right now and AIG is the scape goat at the moment...and taking the heat away from Obama. This has been going on for ever, and it will happen again in the future.

theking 03-21-2009 07:31 PM

Quote:

Originally Posted by tony404 (Post 15658086)
none i make under 250k. Healthcare and energy and education have to be dealt with. Health care costs are preventing businesses from being competitive in the world. Also 4 percent isnt the end of the world considering alot of people got rich during the Clinton years at that rate.Also it was 70 % under Nixon and 50% the first term of Reagan.Also everyone wanted to go to war someone has to pay for it. W did it on the chinese credit card. People seem to forget all the debt that was left to him.

It was 90 or 92% when JFK came to power.

psili 03-21-2009 07:35 PM

I'd love to see the following rules put in place:

- Don't mess around with the dude who has a cartoon bike. He's old skoool. And, like Chuck Norris, doesn't have to post shit, but just has to post.

- Don't post responses to those who make $.001 per post for copying, pasting, and posting what shows up on their fucked up RSS feed / news reader. We're all on the same Internet you shit stains.

cykoe6 03-21-2009 10:12 PM

Obama is leading us down the path to ruin. His breathtakingly irresponsible economic proposals are like pouring gas on a fire trying to put it out. He is going to take a legitimate crisis and turn it into Armageddon......... perhaps that is his real agenda?

nation-x 03-22-2009 05:45 AM

There was a time when people were ridiculed because they said the earth was round

cherrylula 03-22-2009 07:03 AM

I love the Obama Drama. :1orglaugh

Pleasurepays 03-22-2009 07:30 AM

Quote:

Originally Posted by tony404 (Post 15658027)
let them all go. it cant be worse than the shit they have done here.

just proof that you are so completely clueless about even the most fundamental principles of macroeconomics or economics in general.

"they" - you like using the word "they"... who are "they"????

The Fed for historically low interest rates?
the person flipping homes?
the mortgage broker?
the banks lending officer?
Clinton Administration for the Community Reinvestment Act?
the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 making it harder for people to declare bankruptcy?
The banks for figuring out how to package loans to make them less risky?
The guys who created the first CDO's?
The S&P guys who gave them AAA investment ratings?
The Fed Chairman for saying there isn't going to be any fallout from the loan defaults and the CDO's values?
The SEC for letting all this happen?
The brokers, mutual funds, investment funds, insurance companies and others that couldn't wait to snatch them up?
The obvious and inevitable housing market bubble bursting?

the list goes on for ever as to who is "responsible" - and it starts at the bottom from the idiot who bought a house where payments were 40% of his income on up the chain to the top.

in addition to that... all that you are ranting about, had it not happened, would have denied home ownership to millions of people.. which is a funny irony.

and last but not least.... since you fucktards can't wrap your mind around it..

ECONOMIES EXPAND AND CONTRACT and the two are relative to each other. We had 20 years of unprecedented, global economic growth and IT HAD TO END SOMETIME. LIKE ALL OTHER RECESSIONS WHICH ARE A SYMPTOM OF GROWTH..

how fucking simplistic does a person have to be to just sit back and point the finger at one or a few and say "they did it to me"... "they caused this"?

nation-x 03-22-2009 07:34 AM

Quote:

Originally Posted by IllTestYourGirls (Post 15657989)

http://meow.catsplz.com/cats/picture...-did-there.jpg

Quote:

Originally Posted by Repuglican
The new rules will cover all financial institutions, including those not now covered by any pay rules because they are not receiving federal bailout money. Officials say the rules could also be applied more broadly to publicly traded companies, which already report about some executive pay practices to the Securities and Exchange Commission. Last month, as part of the stimulus package, Congress barred top executives at large banks getting rescue money from receiving bonuses exceeding one-third of their annual pay.

This is a typical practice that I see right wingers do alot. Take a news item/article and edit it with the hopes noone actually reads the article. Here is what the article actually says.

Quote:

Originally Posted by NYT
One proposal could impose greater requirements on company boards to tie executive compensation more closely to corporate performance and to take other steps to ensure that compensation was aligned with the financial interest of the company.

The new rules will cover all financial institutions, including those not now covered by any pay rules because they are not receiving federal bailout money. Officials say the rules could also be applied more broadly to publicly traded companies, which already report about some executive pay practices to the Securities and Exchange Commission.

During the presidential campaign, Mr. Obama repeatedly urged regulators to adopt new rules to give shareholders a greater voice in setting executive pay for all public companies. And last month, as part of the stimulus package, Congress barred top executives at large banks getting rescue money from receiving bonuses that exceeded one-third of their annual pay.


nation-x 03-22-2009 07:41 AM

nice 2000th post lol

BlackCrayon 03-22-2009 08:19 AM

it will never happen...

IllTestYourGirls 03-22-2009 09:43 AM

Quote:

Originally Posted by tony404 (Post 15658086)
none i make under 250k.

No I did not mean how much more were you forced by gun to pay. How more did you willingly give to the government this year to show your support for Obamas plan? Or do you just expect other people to pay more?

Reak AGV 03-22-2009 09:44 AM

Omg, that's horrible man..

12clicks 03-22-2009 10:57 AM

heh, no surprise seeing the bitterness boy in here again railing against his betters

nation-x 03-22-2009 11:08 AM

Quote:

Originally Posted by 12clicks (Post 15659489)
heh, no surprise seeing the bitterness boy in here again railing against his betters

You remind me of pimpdog... do you have a drug problem too?

12clicks 03-23-2009 05:36 AM

Quote:

Originally Posted by nation-x (Post 15659515)
You remind me of pimpdog... do you have a drug problem too?

still trying to appear relevant on the weekends?

chatboards, where failures pretend to be someone.

pornguy 03-23-2009 05:52 AM

The Elite Super rich Class of people was getting a bit crowded so they found a way to get rid of some..

AlCapone 03-23-2009 06:04 AM

Bravo! Fuckheads need to be paying the employees more, instead of riding their backs to the bank.

Fletch XXX 03-23-2009 06:05 AM

obama threads ftl

12clicks 03-23-2009 06:08 AM

Quote:

Originally Posted by AlCapone (Post 15661876)
Bravo! Fuckheads need to be paying the employees more, instead of riding their backs to the bank.

said the fyr-0-lator operator

Doctor Dre 03-23-2009 06:48 AM

Quote:

Originally Posted by IllTestYourGirls (Post 15658041)
Thats not Obamas plan. Bailout those who failed punish those who played fair.

And who'll want to work there? When the best guys are able to get 10x the salary for a competing compagny.


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