Obama administration: Rein in executive pay in the private sector!
Barack Hussein Obama’s administration today announced new guidelines to control executive pay not just within companies that received bailout funds from TARP, but in all companies and firms in the private sector! This means YOU and the executive compensation you receive based on your work performance will be affected!
Gene Sperling, who advises Treasury Secretary Timothy Geithner, said Thursday the administration does not want to impose caps on executive pay. But he also laid out for the House Financial Services Committee a list of guidelines calling on publicly-held companies to link compensation to long-term performance, not short-term gains. READ MORE…
Why doesn’t the administration rein in their own out-of-control spending instead of worrying about what executives earn in publicly held companies?
Welp, I tried to warn you about Obama’s ‘Orwellian Big Brother‘ mentality even before he was elected.
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21 Responses to “Obama administration: Rein in executive pay in the private sector!”
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Not that I’m well informed on this matter but, it makes sense to me.
Secondly, I don’t believe this will affect me or anyone I know this pertains to High Level CEOS and upper upper management.
To my understanding.
Sandra ain’t no executive, as usual the rich corporate folks manipulate working folks ie Sandra Rose, to fight their battles b/c they know they are only 1% of the population
yea im sure this effects those making 200k plus as a yearly salary! ridiculous!! i just want a piece of the piiii…ha..iiiie!
this is incorrect!..i heard it on the news …it is for the companies that got the bailout ..and it was only 7 companies he is over
TALK ABOUT REACHING
when does maxwell’s cd come out?
I just get all warm and tingly inside when I see “these” post and see how everybody responds…
in the article it says : On Wednesday, it set pay limits on companies that receive TARP assistance, with the toughest restrictions aimed at seven recipients of “exceptional assistance.” They are Citigroup Inc., Bank of America Corp., General Motors Corp., Chrysler LLC, American International Group Inc., GMAC LLC and Chrysler Financial.
ok #7 that makes sense. if we had to bail you out, we have a right to say what, if any, bonuses should be paid out.
BRAVO!!!!!
Wrong and reaching once again when it comes to OB…
In general, I know we are talking about government controlling everything.
In specific, I don’t know about this issue. I haven’t read up on it because it hurts my feelings when I see what some of these people are getting paid.
lol at SunnyPa know what you mean I could cry. But thats capitolism. I’m not greedy I just want a little of that pie for my family.
can we get some gossip? geez…all we get is obama, beyonce and ciara bashing! can we get some music reviews, some gossip/news about folks other than atl artists and obama, beyonce, ciara and rihanna? please?
I read that Timmy Geithner said that they won’t regulate executive pay at all.
But then who knows?? This administration flip flops so much….
Mine wont
MOVING ON =]
Kat Says:
can we get some gossip?
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Is this the only blog that your Internet browser can go to?
@Mason his cd comes out July 7th
umm sandy..i dont think kat would know which sites to go on since nobody can advertise and post options here!
lol at Auntie
Kat Says:
can we get some gossip?
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Is this the only blog that your Internet browser can go to?
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it sure isn’t……so can we get some gossip???
^^
okay, we got some usher gossip….that’s a start!