Comments on: Obama Praises His Pay Czar for Executive Pay Cuts

By: Anonymous

Anonymous — Fri, 23 Oct 2009 21:26:27 +0000

julieterra: “Monumental failure at the executive level should not be rewarded with astronomical bonuses, salaries and perks . . .”
In the same token they shouldn’t be punished so harshly that they can’t retain the talent needed to dig themselves out of the hole. The 90% cut is excessive, spiteful, and over-punitive. Then again, maybe that’s the point — ensure failure long-term.

By: The Truth

The Truth — Fri, 23 Oct 2009 21:18:15 +0000

There is no good argument that can be made to support this action by the WH?
There is something called Bankruptcy, that takes cares of monumental failures?
The problem is if you are going to have one decide what someone gets paid, then where does it stop??
Why should Tiger Woods be earning billions of dollars? I don’t hear anyone complaining about his salary? He is an entertainer, what positive effect doe he have on our economy or society? What about all those bleeding heart entertainers? I don’t hear anyone complain about Brad Pitt’s earn per movie??
Why you don’t hear anything is because this is just another attempt to move our country into a socialist state pure and simple.
Anyone who argues otherwise is blind.
But move on Comrade Obama…

By: Anonymous

Anonymous — Fri, 23 Oct 2009 20:43:01 +0000

JV: “This country was so gullible in electing him president?”
__________________________________
julieterra: “No the country was gullible in believing . . .”
Still living in the past I see. Well at least you don’t deny Obama voters have proven gullible. Then again, at this point, I don’t think anyone could. LOL!

By: Anonymous

Anonymous — Fri, 23 Oct 2009 20:34:31 +0000

liz: “How come nothing here about how the WH tried to stiff Fox. All the news organizations in turn said, No Fox, no us.”
I was wondering the same thing, and then thought they probably don’t want to share the same fate as Fox News and end up on the White House press shun list. Heaven forbid the press report anything negative about the administration. Sounds like someone’s a little insecure.
Obama reminds me of the child raised by parents (the mainstream media) who couldn’t find it in themselves to actually parent and reprimand him when necessary. If you give the kid a free pass for too long, he’ll come to expect it. That’s what we have in Obama — a spoiled brat! With the rest of the media showing solidarity with Fox News, the parents have finally put their collective foot down and said, “no, go to your room, Barack Hussein Obama, and don’t come out until you can play fair!” If only such resolve would last.

By: Lizzie

Lizzie — Fri, 23 Oct 2009 19:41:55 +0000

julieterra: you’re all for pay cuts, what about Fannie and Freddie, how about GE (Jeff Immelt) but I’m sure you have an excuse for those.

By: julieterra

julieterra — Fri, 23 Oct 2009 18:29:54 +0000

“The law of unintended consequences is about to be unleashed if they decide to implement these cuts”
____________________________________
If corporations floated by taxpayers’ money want to pay astronomical salaries and bonuses – pay back the taxpayers’ money – and then go ahead.
Monumental failure at the executive level should not be rewarded with astronomical bonuses, salaries and perks paid by money from companies kept afloat by taxpayer’s pockets.
If these companies make a profit – reward the executives – AFTER the taxpayers’ monies are returned.

By: SjB

SjB — Fri, 23 Oct 2009 17:55:04 +0000

The law of unintended consequences is about to be unleashed if they decide to implement these cuts
1. Top people will leave the affected banks and accept job in other companies. They will cripple the companies from being able to recruit top people/etc.
2. The government is only a majority shareholder in 2 companies. They cannot legally bypass the boards of directors where they are not majority shareholders…. but hey! It’s the Chicago Way!
And the old, “Use a hammer to fix a clock” routine. It would be funny if it was a Marx Bros. movie.

By: Shirley

Shirley — Fri, 23 Oct 2009 17:11:04 +0000

At julieterra:
Slow day at the White House? Obama letting you guys work the blogs now?

By: liz

liz — Fri, 23 Oct 2009 13:06:32 +0000

How come nothing here about how the WH tried to stiff Fox. All the news organizations in turn said, No Fox, no us.
That’s admirable. And the WH is despicable. The threat needs more attention.

By: drjohn

drjohn — Fri, 23 Oct 2009 11:19:39 +0000

Get ready for Obama to control everyone’s salary. This is but the first step.
Oh, and by the way, Obama is looking to control and tax the internet.