that matters of executive compensation are being dictated and enforced by a Washington D.C. attorny, appointed as “Czar” without the check/balance of congressional approvoal and no accountability other than to the White House????
Oh my gosh! it never changes back there, we continue to get it in the rear, I’m sick of these folks that think they deserve it all and the “heck” with the rest of us Americans footing the bill! Why should we continue to be screwed!
I agree with all of you. Should never have received the money in the first place and in regards to government dictating your pay, I agree with that to (that they shouldn’t). If the government would have stayed out of it in the first place, we wouldn’t be talking about these individuals pay, because they wouldn’t be getting any as their offices would be closed and some other companies would be taking their business.
The good news behind all this is, China screws us with poor products, and we’ll screw them when we can’t pay back our debt. LOL
If YOU don’t want the government to dictate how much you get paid, then don’t ask for a bailout. It was exactly because of greedy compensation goals that the investment folks went into a feeding frenzy. After they wrecked the market, now they want the invisible hand of the market to stay their course? Obviously, the compensation awards are going to have to wait until these companies get back to profitability. and keep in mind that this is only for those folks who got their hands caught in the cookie jar, not you or I who have no need for government intervention in our jobs. Now I would be opposed if the government wanted to review ALL jobs at ALL companies. But in case you didn’t realize it, you are argueing to help out the top exec; none of the rank and file have their comepensation packages under review; just the top dogs and fat cats….and they deserve everything they have coming to them, including NO BONUS for bad performance. When they pay it back and turn the company around, then and only then will things go back to the good ol’ golden parachutes and stock options…
Holy Merit Based Rewards Batman!!
I would have to agree with you and note you get below the surface to make good points. I may be getting paranoid, and just possibly fearing government control. Again, your points are valid, but I wouldn’t want this to be only more of the beginning of government take-over/control.
first of all, if the writers would correctly identify that the so-called bonuses was a retention money to hold those folks onboard. these were not bonuses. what i think everyone wants to see is not the contracts for employment but when is the gov’t going to get the money back. when as we the taxpayer, going to get our share.
Hey Bob, you might want to go dig around in the archives at the IRS website. Some pretty good facts about the top 5% of the income earning households in the US. Especially the one that says they foot 75% of the income tax bill for all households. Oh not to mention the amount of funding they provide for medicare/medicaid. Or the amount of private donations to charity. Etc Etc.
Last I checked it doesn’t seem fair for that kind of disparity in the tax plan, so how about this, we tax everyone equally (upper, middle, and lower class) and we’ll see how much trickles down and how broke the system really is.
Holy bankruptcy Boy Wonder, take is easy. None of this would be necessary if investment bankers and traders remembered their history class about HOW the Great Depression got it’s start and how government did nothing at first, and let the invisible hand of the market straighten things out, which did not happen. And it almost went completely down the toilet until Lehman Brothers went belly up and then everyone realized that ONLY government could or would get us out of this. This is the JOKER’s way of having his fun! Reality won’t set in for a while.
For example, AIG, the giant insurer swamped by credit derivative losses, forged ahead in March with paying $165 million in bonuses due to employees largely responsible for the company’s losses.
During the past month, media reports have questioned how Kenneth Feinberg, the Obama administration’s pay czar, will handle the matter of Andrew Hall, an energy trader with Citi’s Phibro unit who is expected to make $100 million this year.
that matters of executive compensation are being dictated and enforced by a Washington D.C. attorny, appointed as “Czar” without the check/balance of congressional approvoal and no accountability other than to the White House????
Or is it just me?
Oh my gosh! it never changes back there, we continue to get it in the rear, I’m sick of these folks that think they deserve it all and the “heck” with the rest of us Americans footing the bill! Why should we continue to be screwed!
Are they going to pay every cent back?
Ronald Reagan was absolutely wrong on his “trickle down financial theory.
We have seen what trickles down from the wealthy Just look at what ocurred last year Misery & that’s all we ever get from the Fat Cats
But, I believe the point, or :bigger picture” main concern here is:
Do YOU want the government dictating YOUR compensation?
I surely do NOT!
I agree with all of you. Should never have received the money in the first place and in regards to government dictating your pay, I agree with that to (that they shouldn’t). If the government would have stayed out of it in the first place, we wouldn’t be talking about these individuals pay, because they wouldn’t be getting any as their offices would be closed and some other companies would be taking their business.
The good news behind all this is, China screws us with poor products, and we’ll screw them when we can’t pay back our debt. LOL
Amen to that !
So now we know who the REAL “inglorious bastards” are.
If YOU don’t want the government to dictate how much you get paid, then don’t ask for a bailout. It was exactly because of greedy compensation goals that the investment folks went into a feeding frenzy. After they wrecked the market, now they want the invisible hand of the market to stay their course? Obviously, the compensation awards are going to have to wait until these companies get back to profitability. and keep in mind that this is only for those folks who got their hands caught in the cookie jar, not you or I who have no need for government intervention in our jobs. Now I would be opposed if the government wanted to review ALL jobs at ALL companies. But in case you didn’t realize it, you are argueing to help out the top exec; none of the rank and file have their comepensation packages under review; just the top dogs and fat cats….and they deserve everything they have coming to them, including NO BONUS for bad performance. When they pay it back and turn the company around, then and only then will things go back to the good ol’ golden parachutes and stock options…
Holy Merit Based Rewards Batman!!
I would have to agree with you and note you get below the surface to make good points. I may be getting paranoid, and just possibly fearing government control. Again, your points are valid, but I wouldn’t want this to be only more of the beginning of government take-over/control.
first of all, if the writers would correctly identify that the so-called bonuses was a retention money to hold those folks onboard. these were not bonuses. what i think everyone wants to see is not the contracts for employment but when is the gov’t going to get the money back. when as we the taxpayer, going to get our share.
Hey Bob, you might want to go dig around in the archives at the IRS website. Some pretty good facts about the top 5% of the income earning households in the US. Especially the one that says they foot 75% of the income tax bill for all households. Oh not to mention the amount of funding they provide for medicare/medicaid. Or the amount of private donations to charity. Etc Etc.
Last I checked it doesn’t seem fair for that kind of disparity in the tax plan, so how about this, we tax everyone equally (upper, middle, and lower class) and we’ll see how much trickles down and how broke the system really is.
Holy bankruptcy Boy Wonder, take is easy. None of this would be necessary if investment bankers and traders remembered their history class about HOW the Great Depression got it’s start and how government did nothing at first, and let the invisible hand of the market straighten things out, which did not happen. And it almost went completely down the toilet until Lehman Brothers went belly up and then everyone realized that ONLY government could or would get us out of this. This is the JOKER’s way of having his fun! Reality won’t set in for a while.
NOT A BAD SALARY FOR A GOVERMENT JOB. WHERE DO I SIGH UP?
For example, AIG, the giant insurer swamped by credit derivative losses, forged ahead in March with paying $165 million in bonuses due to employees largely responsible for the company’s losses.
During the past month, media reports have questioned how Kenneth Feinberg, the Obama administration’s pay czar, will handle the matter of Andrew Hall, an energy trader with Citi’s Phibro unit who is expected to make $100 million this year.