Quote:
Originally Posted by Bucco
President Obama promised to redistribute the wealth and make us all a bit more equal and he continues unabated to that goal......
"The administration plans to seek legislation that would try to rein in compensation at publicly traded companies through nonbinding shareholder votes and by decreasing management influence on pay decisions."
NOT JUST THOSE WHO GOT THE BAILOUT MONEY....
http://finance.yahoo.com/news/Admini...0519.html?.v=6
Then, thankfully, we have folks who will fight....
"Business groups are daring President Barack Obama to impose pay caps on labor union bosses in light of indications the White House will limit how much corporate executives can be paid."
http://www.washingtontimes.com/weblo...ay-for-unions/
I am reminded of a quote....
"A Marxist begins with his prime truth that all evils are caused by the exploitation of the proletariat by the capitalists. From this he logically proceeds to the revolution to end capitalism, then into the third stage of reorganization into a new social order of the dictatorship of the proletariat, and finally the last stage -- the political paradise of communism." p.10"
Saul Alkinsky (Rules for Radicals) |
What is wrong with share holders having input into structure of compensation for executives. Real life experience. My boss was will to make an expenditure of 6 million dollars involving refinancing of large computers at our data center in order to make his numbers for his bonus. The changes were nothing more than a shell game. I blew the whistle.. and got a package. WOW what a nice deal for me. But the way bonus' are structured drives behavior.. most of the time good ,,, but some tines bad. So shouldn't share holders have some guidance into what they want from their company.