Yep...today he goes after a universally despised group and everyone is cool with it.

Next time it will be a group that's about three quarters despised. There will be some complaining, but the media will marginalize them and sell the policy.

Then its a group that is about half hated. By then, we're used to sweeping actions and are glad it wasn't us this time.

Eventually they'll come for you, and you'll gladly submit because it could have been worse.

This happens to every civilization eventually...now it's our turn.

Still sucks, though.

They've asked for "the people's" money to clean up their farkups, so they can damned well reciprocate in some manner.

A reacharound would also be acceptable.

Considering that these amateur golfers are responsible for the biggest swindle in history, I'd say losing one year's 'bone-us' for the sake of public penance is a very small price to pay.

Elvis_Bogart: Yep...today he goes after a universally despised group and everyone is cool with it.

Next time it will be a group that's about three quarters despised. There will be some complaining, but the media will marginalize them and sell the policy.

Then its a group that is about half hated. By then, we're used to sweeping actions and are glad it wasn't us this time.

Eventually they'll come for you, and you'll gladly submit because it could have been worse.

This happens to every civilization eventually...now it's our turn.

Still sucks, though.

I still don't see why not getting a bonus while your company is losing billions of dollars a month and being propped up by the federal government is a bad thing. They are separate from salary and called "bonus" for a reason, they are supposed to be extra cash to reward the employees for the bank doing well. That isn't quite happening right now, in case you hadn't noticed.

If a bank is making a profit right now? Hell yah, give their execs a nice fat bonus for managing to do that.

Elvis_Bogart: Eventually they'll come for you, and you'll gladly submit because it could have been worse.

If I'm getting a bonus after running a business into the ground and begging for public funds, then I hope so.

Boo farking hoo. I'm not getting a bonus this year either. The reason? We had a bad year. The incentive? Gee, if we do better next year, I'll get a bonus. Pavlov got it, why doesn't submitter? I intend to revel in my hot cocoa sampler box bonanza.

Elvis_Bogart: Yep...today he goes after a universally despised group and everyone is cool with it.

Next time it will be a group that's about three quarters despised. There will be some complaining, but the media will marginalize them and sell the policy.

Then its a group that is about half hated. By then, we're used to sweeping actions and are glad it wasn't us this time.

Eventually they'll come for you, and you'll gladly submit because it could have been worse.

This happens to every civilization eventually...now it's our turn.

Still sucks, though.

please be trolling

/buying tinfoil stock anyway

See...everyone is cool with it...this time.

Thanks for making my point.

Elvis_Bogart: Thanks for making my point.

Your a moran.

Elvis_Bogart: See...everyone is cool with it...this time.

cool with what? The president elect giving his opinion about executives getting huge bonuses while asking for tax payer money? Yeah, we're cool with that.

Are you saying that they SHOULD get bonuses AND get tax payer money to bail the companies out?

Or are you saying Obama shouldn't give his opinion on the matter?

"I think that if you are already worth tens of millions of dollars, and you are having to lay off workers," Obama said, "the least you can do is say, 'I'm willing to make some sacrifice as well, because I recognize that there are people who are a lot less well off, who are going through some pretty tough times.'"

Elvis_Bogart: This happens to every civilization eventually...now it's our turn.


It's the end times!!!

log_jammin: It's the end times!!!

Think of the children! For heaven's sake, won't somebody think of the children?

MorrisBird: Think of the children! For heaven's sake, won't somebody think of the children?

pfffft.....that would be socialist.

Elvis_Bogart: we're used to sweeping actions and are glad it wasn't us this time.

log_jammin: Or are you saying Obama shouldn't give his opinion on the matter?

One man's opinion is another man's "sweeping action." Who knew?

Elvis_Bogart: See...everyone is cool with it...this time.

Thanks for making my point.

I'm just glad you are thinking of them. If someone doesn't stick up for the people worth 9 figures, they may soon only be worth 8 figures. This could be catastrophic.

Yeah, cutting out million dollar bonuses for big bankers is just soooo Communist. Shut up, you cock.

Elvis_Bogart: Yep...today he goes after a universally despised group and everyone is cool with it.

Next time it will be a group that's about three quarters despised. There will be some complaining, but the media will marginalize them and sell the policy.

Then its a group that is about half hated. By then, we're used to sweeping actions and are glad it wasn't us this time.

Eventually they'll come for you, and you'll gladly submit because it could have been worse.

This happens to every civilization eventually...now it's our turn.

Still sucks, though.

*facepalm* Would you like some indignation with your moral hazard?

log_jammin: Are you saying that they SHOULD get bonuses AND get tax payer money to bail the companies out?

Well, of course - these are Ayn-Randian supermen we're talking about. Brilliant and industrious men of vision, talent, and determination who've started with nothing and pulled themselves up by they're own bootstraps. Now that they've made their well-deserved fortunes, the looters and moochers of the world want to tear them down and deny them the fruits of their hard labor. Yeah.

Reactron: Well, of course - these are Ayn-Randian supermen we're talking about. Brilliant and industrious men of vision, talent, and determination who've started with nothing and pulled themselves up by they're own bootstraps. Now that they've made their well-deserved fortunes, the looters and moochers of the world want to tear them down and deny them the fruits of their hard labor. Yeah.

AAAAAAAHHHHHHH!!!!! Ok. that makes more sense.

My bad.

NeauxFear: Maybe I need more coffee, but wtf is this word supposed to be?

a drawn out "shiat" is my guess.

log_jammin: a drawn out "shiat" is my guess.

Yeah...it's just that no matter how I try to spell it, it doesn't work, lol.

Elvis_Bogart

And how about the part where he wants them to act responsibility and care about their workers?

It's just outrageous.

So, will PrezO set an example by cutting his salary to $1 per year, at least until the economic crisis has passed. I would also expect all of the members of congress to do the same, or at least those who have a substantial personal net worth (which is most of them).

BillCo

So, will PrezO set an example by cutting his salary to $1 per year

He said "bonuses", ya goombah. Can't you read?

And if they don't?

MorrisBird

He's quite the troll, isn't he?

Dancin_In_Anson: And if they don't?

He's still President-elect. Lacking any power, he can't do anything about other people's stupidity and greed.

Dancin_In_Anson: And if they don't?

they just ask for more tax payer money. duh.

Oh, and in a brief threadjack, Happy Thanks for Giving, everybody!

You all are missing the goddamn point!!!!!

These bank jerkoffs deserve to have their asses removed.

But...this puts in motion the process of government interference with companies awarding bonuses...giving bonuses is not illegal...it's a lousy thing to do in this situation and it pisses everybody off...including me.

BUT...it leads to government deciding who deserves to be rewarded and punished for non-illegal activity.

What will be the outrage tomorrow?

MorrisBird: He's still President-elect.

Glad to see that someone is up to speed on that little tidbit.

log_jammin: they just ask for more tax payer money. duh.

Which they never should have received in the first place.

That still doesn't quite answer the question though. Once he does take power, if the recipients of federal funds don't do what is asked, what next?

Marcus Aurelius: He's quite the troll, isn't he?

No, troll implies sentience. He's pond scum.

Elvis_Bogart

What will be the outrage tomorrow?

I was kind of hoping it would be either the health insurance companies or perhaps the wholesale bribery of Congress.

But that's just me.

Marcus Aurelius: BillCo

So, will PrezO set an example by cutting his salary to $1 per year

He said "bonuses", ya goombah. Can't you read?

Yes, in fact I can. I am even capable of understanding an issue beoyond the single article presented, which apparently you are not. The Messiah has been a long time proponent of limiting all facets of executive pay, including base pay.

PrezO on Executive Pay (new window)

Dancin_In_Anson: That still doesn't quite answer the question though.

nothing. It's his opinion he gave in an interview.

Elvis_Bogart: BUT...it leads to government deciding who deserves to be rewarded and punished for non-illegal activity.

kinda like when the government decided who was and wasn't eligible for overtime pay?

I am 100% pro capitalism. I work very hard and I earn every cent I make. When my fellow capitalists screw up royally, bring down the fortunes of a corporation, those of it's employees and stockholders and get fat checks and bonuses, it makes capitalism look like a farce. These people should be fired immediately. And any new CEO should be held to a standard and if he fails, kick his ass out too. Something we the voters should have done with congress, and yet we voted for the same pigs that got us into this mess in the first place. I hope Mr. Obama has the balls to tell a mr. Barney Frank to stfu when he comes up with further idiotic ideas in the finance commitee.

I get incredibly pissed when failed CEO's and the rest of the top excecutives continue to pay themselves huge salaries, bonuses and stock options while the company continues to bleed money. The board is partially to blame too. Unfortunately these boards are made up of other CEO's and what not that get paid the same at their companies even if they are failing too. Stockholders should be more involved and have more say as to compensation based on real bottom line numbers.

Mr. Submitter has obviously no idea what Mr. Obama is talking about in TFA. In as much as I vehemently disagree with his pretty socialist-style ideas, asking FAILED CEO's to forgo bonuses is not socialistic in any way shape or form. It is sound economic and, for the health of the bank (insert here other failed organizations getting bailed out), financial advice. In fact he was being kind in the article, or should I say, very politically diplomatic. I was hoping he would just tell them that they cannot have a bonus so long as they owe the people of the United States whatever amount of money we "loaned" them to get their acts together.

They also talk a wee bit about the auto industry and their 25B request. I am amazed that at the hearings the CEO's are not being taken to task harshly. The politicians are dancing around trying not to insult voters and the unions by not asking the relevant questions. But it does not matter. The indusrty should be let to go into bankcruptcy. Whichever arises from the ashes, will be (we hope) smaller, more efficient and not bogged down by years of idiotic union contract negotiations and will have released a mass of excecutives that ran down the companies with it's bland product lines and obviously poor decisions.

BillCo: I am even capable of understanding an issue beoyond the single article presented

Tee hee. You have your shorts in a knot about an article about a Baba Wawa interview, and you're researching the issue at American Thinker? shiat, I wish I didn't have to go to work now. This is turning out to be one of the funniest threads in a long time.

BillCo

The Messiah has been a long time proponent of limiting all facets of executive pay, including base pay

CEOs of public comapnies should not get hundreds of times more pay than their lowest paid workers. Adam Smith himself pointed out how that undermines the capitalist system. CEO pay is not tied to performance or anything else that I can see. It's time to either put them back up at a 75% tax rate like they used to pay, or line them up against the wall and shoot them.

I'm fine with either course of action.

Marcus Aurelius: BillCo

The Messiah has been a long time proponent of limiting all facets of executive pay, including base pay

CEOs of public comapnies should not get hundreds of times more pay than their lowest paid workers. Adam Smith himself pointed out how that undermines the capitalist system. CEO pay is not tied to performance or anything else that I can see. It's time to either put them back up at a 75% tax rate like they used to pay, or line them up against the wall and shoot them.

I'm fine with either course of action.

Ahh, socialism at it's finest. CEO pay should be what the shareholders and board of directors feel is appropriate, not what the public thinks is OK. They pay these people to run the companies and make a profit. When that fails, they should be fired and the company should go bankrupt. That is how we deal with failure in America. Bailouts only encourage bad business practices. Your opinion of executive pay is only relevant to your ownership of a company.

BillCo

You are aware that CEO pay scales are set by their fellow CEOs, yes? And that that game has been rigged for quite awhile now?

MorrisBird: BillCo: I am even capable of understanding an issue beoyond the single article presented

Tee hee. You have your shorts in a knot about an article about a Baba Wawa interview, and you're researching the issue at American Thinker? shiat, I wish I didn't have to go to work now. This is turning out to be one of the funniest threads in a long time.

So, only some of what The Messiah says is relevant? Not a very good argument. -2

Hold high the red banner of Da Qing

Expose reactionaries and bourgeoisie

All Hail the Glorious Leader

/Do I get my commie patch now

?

BillCo

The Boards of Directors apparently have no control over CEO pay. It's those pesky compensation consultants they keep hiring that are the problem.

Marcus Aurelius: BillCo

You are aware that CEO pay scales are set by their fellow CEOs, yes? And that that game has been rigged for quite awhile now?

Your lack of understanding of how U.S. business works is monumental. Executive salaries are set by the compensation committee committee of the board of directors. The board of directors is elected by the shareholders (owners) of the company. Many board member are in fact executives in other companies, selected because of their experience and business acumen. If the shareholders (owners) feel they are acting inappropriately they need to remove them and elect new board members. Government interference in private enterprise is a recipe for disaster.

Dancin_In_Anson: And if they don't?

Then a stern letter will follow.

BillCo

Or how about that "socialist" Carl Icahn?

Marcus Aurelius: BillCo

The Boards of Directors apparently have no control over CEO pay. It's those pesky compensation consultants they keep hiring that are the problem.

They can blame whoever they like, but it is the board and the compensation committee (which is a subset of board members) that is responsible. The Bart Simpson defense ("I didn't do it") doesn't work.

DrSandyBeech: These people should be fired immediately.

Personally, I think they should have tits grafted on their shoulder blades and be thrown in the pen. Good thing for them that they have their puppet Paulson the get down on bended knee and kiss Pelosi's powdered petunia. Nice to know that there is still honor and brotherhood amongst thieves.