$500K Salary Cap for Bailout Companies

the main difference is that athletes are actually held accountable. If an athlete doesn't do his job and perform, they get released/traded/take a paycut. If they fuck up they pay the price. Same with the coaches and gm's. If they don't do their job right they get the boot. The athletes and teams are all controlled by the fans, the people that pay their checks.

I think there's nothing wrong with the money being payed pro athletes. They have natural athletic ability, just like the top CEOs have natural intelligence. Only difference is athletes pay the price when they fuck up

You should stop too for the same reasons. K? Thnx.

except i use logic... and actual sources.


you use unfounded idiocy and personal opinion, and pretend its fact.

I'm sorry. Are any two snowflakes alike? I don't think so. Of course we won't think the same. Welcome to politics, muthafucka.

no! every one hates her because shes conservative, jeez i thought you would have recognized this.

Nah, it's because I go to community college.

yuo missed his point

He's trying to say that he's smarter than me. That's always what it comes to. Logic and opinion my ass.

WHEN THE USSR CONTROLLED THEIR ECONOMY THEY FAILED
WHEN HONG KONG WAS ALLOWED A FREE MARKET, THEIR SUCCESS WAS UNPRECEDENTED
WATCH AND SEE WHAT HAPPENS AS OBAMA CRUSHES FREE TRADE
PREPARE FOR SOCIALISM

Caps Lock gets you nowhere. Except if you're THall.

im not in any way trying to say im smarter than you. i think you have some legitimate points (as you said we wont agree, but legitimate sure). i just have yet to see you ever voice them well.

First of all, the ceo's aren't going to quit their jobs and go work in another country, give me a break...  The whole world is on the road to a mass recession, there wont be any jobs waiting for them.

Dashchle withdrew from being the secretary of health.  His tax problem was pretty small and a non-issue.  It involved a car and driver that he recieved from a business associate.  He didn't declare it on his taxes for the period he used it and later corrected the mistake.  He would have been working in health care and most likely done a good job, I don't see the tax issue as a problem.  But, it was blown out of proportion, and he is no longer taking the appointment unfortunately.

Geitner did have a small tax problem.  And for the guy who's in charge of our nations money, I agree, he may not be the best choice conisdering the following.  His tax problem was small as well.  It was an oversight by him and his accountant while he was employed at the International Monetary Fund.  Technically he was self employeed through the IMF and he failed to file self-employment taxes.  I'm guessing this was un-clear to him and others at the time.  The way the IMF and foreign employers handled taxes was confusing making this easy to miss.  Other employees at the IMF ran into the same issues as Geitner and in 06 the IRS offered a settlement to Geitner and the other employees.  I wouldn't say that this necesarily makes him un-elidgable for the job, this is who we got, and I hope he does a good job.

I agree about Leon Panetta, not sure if that was the best choice to be the head of the CIA.  We'll have to wait and see.

You got a better idea other than the bailout/stimulus plan? We'd like to hear it

Before you start a rant from pure anger, take some time to construct a thoughtful post instead of ranting and raving about how all liberals are dumb asses.  I consider myself very very moderate and I think this liberal vs. conservative bullshit is a joke.  It seems that when a so called liberal or conservative makes a post about politics, it is complete garbage with no real thought put into it.

Take a step back from your beliefs, feelings, grudges and pre-conceived notions and let go for one second, be real, and look at the big picture everyone!  The reason we are in this mess is because no one can take a deep breath and discuss things in a civilized, constructive manner.  It seems like the whole world is taking a turn for the worst because people can't put aside their differences to discuss things the way they should be discussed. 

Sad thing is, the vast majority doesn't know how to do this and never will, their beliefs are to strong and they are un-willing to bend or even consider the other persons opinions and thoughts.  This is incredibly dangerous and will unltimately destroy us as a nation unless we can get past the petty differences and work together.  I'm not saying forget all your beliefs by any means, just try to go out of your comfort zone for once and be mroe open minded.

This isn't the end all solution, I know, but it sure would help and make things way less stressful.

If you're reading this and don't understand where I'm coming from or think I'm crazy, then I'm sorry, you are one of those people I was talking about... good luck in life, I'm sure you'll go real far...

That's all I gotta say.

I have an online speech impediment. I don't feel like talking politics anymore. I'm over it.

dont get me wrong, if the market will support paying meat heads like Vic however many million thats fine by me.

i was only making the case that IMO GOOD CEO's are worth atleast that much too. i was making case for one, not against the other.

good CEOs. GOOD. people who run their companies into the ground, and are asking for bailout money do not qualify as GOOD in my opinion.

in a perfect system bad CEO's DO get the axe. at the same time failing businesses do just that FAIL and go under. or at the very least re organized where guess what? the guy at the top takes the fall (atleast he should under most circumstances) and the business is revamped.... but in this world, the government is preventing a natural part of the business cycle. (the contraction)

exactly. let the bad ones fall......

and let the entire nations economy crumble?

not even just our nations. this has global consequences

The reason CEO salaries is so high in the first place is because of liability. They are personally liable for fucking up in running the corporation. That's a pretty heavy burden to place on someone. But given that they have fucked up, and that apparently now the burden falls on government to back them up, there is no accountability and no consequences for these people. So the question becomes, what are these people doing that warrants their being paid such exorbitant amounts? Are these CEOs of failed large companies so in demand that they could go and make significantly more in other countries? This cap does nothing to discourage people from forming corporations in the USA because unless your company's being bailed out it has nothing to do with you.

Lot of people talking out of their asses on this one.

I'd like to jump in here just to call you a fucking moron.

the funny thing is, this salary cap is complete bullshit because it really stems from idea of a large government.

The larger implications are pretty severe: we let the government take care of some stuff, so they get to say what can or cannot be so. What if we get that universal healthcare bullshit? It doesn't seem too farfetched for the government to then deem what you should be doing in order to be covered. Same with anything else that it slips its nuts on. This may be a little different with the "bailout" shit, but perhaps this frantic rush to appease the people is a good indicator of how fucking asinine it was in the first place, being rushed with no god damn foresight and sanity.

food on their familys even..

a lot of retarded comments in this thread.  a lot of people talking the talk but don't walk the walk.  i think the companies leaving the usa because the ceo only makes 500grand takes the cake though.  anyways, the ceo of bank of america makes 20 million a year.  1.2 million is from actual salary. 

in other words a 500k cap ain't shit. the ceos still have cash bonuses, stock options, and other perks; the list goes on.  most if not all the bailed out companies ceo's will still be making relatively the same as they were before.


god, most of you kids are stupid.

isnt the purpose of this thing to PREVENT those bonuses though?

Alright. Let's start from the beginning on this one.

i hate the man with all my heart but kudos to him. good move obama

except for 1 GIANT FUCKING FLAW with this whole no incentive to work thing



a) they do have incentive to work, SO THEY CAN START MAKING HUGE FUCKING SALARIES AGAIN

b) so they quit. i dont know about you, but i personally would be willing to sacrifice a couple of years of making 500 grand in order to make and absurd amount of money once i saved the companies ass.

so yeah. no

Except that all of them could easily go ride this whole thing out somewhere and come back when it becomes economically advantageous for them. They will all be able to come back and get jobs. The fact that they still have jobs shows that they did something right. NO one in the financial sector is going to blame them for not wanting to work their asses off for a salary that clearly doesn't compensate them accordingly. Even though it's not true, everyone likes to pretend that the CEO of a company is the end all be all of whether a company lives or dies, so if the company does well, under this logic, they should be compensated in relation to how well they make the company perform. 500k isn't enough of an incentive for anyone to try and repay the $40 BILLION that some of these banks owe.

me neither.

You guys realize that a salary cap means nothing right? To the average joe, if he were to get a salary cap, that would mean something. But when you are a ceo or other high up official of a huge company, a salary means nothing. Many CEOs have insanely small salaries, but make up for it in bonuses, stock options, etc. There are plenty of loopholes through this new rule, it is more than likely just here to make people feel better about the whole thing.

reading is oh so hot right now....

so run to a company that wasnt bailed out. i would hope no company is stupid enough to hire a dude thats run a company into the ground somewhere else.


its not this easy, jump around thing you make it out to be....

thats kinda what im thinkiing... i just didnt know how to put down to words... +k

one would think, but ceos will always find a way to get paid.  they will title a sum of money it in some bullshit way to exploit a loophole the cap to get their bread.  like a travel bonus or something, but they'll write it off as business trips which even bypasses the tax on the trip. 

regardless, i think the bill will cut down on the majority of that. sure they may still get away with some, but as obama himself has said, its not perfect, but it never will be.

the chosen one is sooo humble!!!

did i ever say he was the chosen one? no. i hate the kids that are like that. but i also hate sarcastic fucks that make comments like you just did.

hmm... i thought i was agreeing with you?

are you retarded? where did i hype him up to be the greatest leader mankind has ever seen. try reading what i just fucking posted.

alright maby you havent hyped him up to be the greatest leader mankind has ever seen, but the way you are backing up his stimulas package i jumped to that conclusion....

Except that the government should step in to save a market from completely collapsing. This mini-recession as it is is going to kill off weaker businesses and strengthen the economy to a degree.

thanks for the apologies, i just hate it when kids assume that just because i am fairly liberal, i believe that obama is the savior of the world. i believe the stimulus package SHOULD help. and i hope it will. its not perfect, it never will be. but i believe its better than sitting their idly and watching our economy dive into the ground.


i think obama has the potential to be a great president. but again, hes not perfect. no president ever has been, none ever will be. hes not going to single handedly save the world, but again, he has the potential to begin the turn around, and start to rescue this country from the shitter its gone down. he also has the potential to fail miserably, but i hope he succeeds.

you should really read up on the candidate you're voting for before you actually vote...

Hey, Papa! We need to rave at Club G'itmo sometime. I'll bring the music. Well maybe not a rave. Cocktail Club? In that case I will bring the Barry Manilow and Mojito mix.

...

"At the Copa (CO!), Copacabana (Copacabana)
The hottest spot north of Havana (here)
At the Copa (CO!), Copacabana
Music and passion were always the fashion
At the Copa....they fell in love"

actually.... i think George Bush the III would be the perfect president, i mean after two "failed" Bush's another has to be perfect

hahaha more like 3rd time would result in the annihilation of the united states of america.

Without getting into the politics, I have to make this observation:

It's funny that we call everyone on Wall Street "idiots" when 75%+ of them graduated from top twenty schools.

and then they ran companies into the ground.

bush graduated from yale for christs sake.... graduating from a top 20 school doesnt mean jack shit

So you really think that people who graduate from those schools are on average no smarter than the general population?  Gimme a fucking break.  I was just making an observation.