Executive pay plan: Will it make a difference?

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  Posted by Katie B Mon Oct 26, 2009 8:48am PDT

  Nope, I don't think so... there will still be the Wall Street elite and then there will be us that have to work to live... It doesn't matter if we are a capitalist society, a pure socialist society or whatever.... there will still be a divide between the haves and the have nots...

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  Posted by Mhu Mon Oct 26, 2009 9:08am PDT

  This scheme will drive away the best, into other ways of earning income. Even if the government (foolishly) extends this to other publicly-traded companies, private companies should always be left alone. Messing with pay and incentives in public companies is very troubling, and potentially un-Constitutional.

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  Posted by LYNDA Mon Oct 26, 2009 9:38am PDT

  there should have been a cap, EXCUSE ME a FREEZE on any & ALL BONUSES & RAISES no exclusions UNTIL ALL MONEY IS PAID BACK. THE FREEZE SHOULD HOLD UNTIL THEIR STOCK SHARES RAISE TO WHERE THEY WERE A YEAR AGO & STAY THERE OR BETTER FOR 1 YEAR. THIS SHOULD HAVE BEEN A PART OF THE AGREEMENT BEFORE BORROWING OUR MONEY. BUT WE THE PEOPLE HAD NO SAY SO.

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  Posted by Eva Mon Oct 26, 2009 10:02am PDT

  Yes. It won't stop it completely but a good slam will do them some good.

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  Posted by countnchickn Mon Oct 26, 2009 1:17pm PDT

  This is a CAPITALIST society. How dare you try and tell a company what they should and should not pay their people. If you have an issue with the bail out money then you SHOULD NOT HAVE GIVEN IT! It's none of your business you communist freaks.

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  Posted by Mali Malz Mon Oct 26, 2009 2:21pm PDT

  countnchickn: you have to be stupid right?!?!?! We should have not given the $, who are you refering to as we? The people didn't give these big corps the $, the government did, and if they hadn't, you would have to pay for their losses. pretty simple...If the government lends a company billions to get their a$$es out of debt, why can't the government put rules on how they can spend the $$$... Yes we are a capitalistic society, but at what cost... Im sure you would like to receive an income tax rebate, and im sure you would gladly go and cash the check and use it for your own expenses, which will in turn STIMULATE the economy, theres no way that paying an Exec millions of dollars when the company is in the s--- hole going to stimulate anyyy economy or do any good for the company... Get over it people, yes we are capiutalistic but we should have lines we must not cross... for some reason paying a single person 2+ million a year, while the company they work for owes the goverment hundreds of millions!!!! That just doesn't make sense in my book... I guess some people on here might have been sipping on that stupid juice all of wall street was on, and they dont seem to find a problem in over compensated individuals who trully do nothing towards fixing the problem they got themselves into to begin with!!!!!!!!

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  Posted by Doktor Eevol Mon Oct 26, 2009 6:05pm PDT

  I totally agree with this. There should be NO WAY that AIG execs went on vacation on MY dime. The thought disgusts me that greedy JERKS feel entitled to gross amounts of pay while the rest of us foot the bill and suffer for their actions.

  If that makes me a pinko commie b word, so be it. Screw them, and the simpering sychophants who turn into little brown nosers around them.

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  Posted by ? Mon Oct 26, 2009 9:00pm PDT

  I have a problem with the government interfering with private industry. But the government didn't stop with the companies that took bail out money. They expanded this executive order to all companies the government has deemed to big to fail regardless of the fact that they didn't need or take any bailout money. When you screw with the capitalist system you screw the economy and everything else up, just look at the mess we are in now!

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  Posted by WilliamM Tue Oct 27, 2009 2:32am PDT

  Consult any textbook on basic economics, and you will discover that wage and price controls are rather bad ideas with consequences that get worse the longer the controls last. This is recognized by economists across the political spectrum. But it does make great political points for anyone more interested in maintaining electability than in helping the economy.

  ( Our last flitation with these was courtesy of Richard Nixon. Some of us are old enough to remember the years of painful "stagflation" that followed as a direct consequence. )

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