U.S. to Order Pay Cuts at Firms That Got Most Aid »
Posted By engineer 1 month, 3 weeks ago in Business & FinanceResponding to the furor over executive pay at companies bailed out with taxpayer money, the Obama administration will order the firms that received the most aid to slash compensation to their highest-paid employees, an official involved in the decision said on Wednesday.
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engineer
Hi
My background is Biomedical engineering with an MBA As you know from all my comments where I almost stand politically. I have loads of ...
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DropkickaLib1 month, 3 weeks ago
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Actually, this is an unconstitutional decree issued by an unelected and unconfirmed commiczar. So Congress should set everyone's pay, including yours? This pay cut decree doesn't even leave a provision for making executive pay commensurate with performance.
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TOD3961 month, 3 weeks ago
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If the government can dictate what your paycheck is to be, isn't that the first nail in the coffin for the death of capitalism? What next, are they going to dictate what kind of car I can drive, or whether I choose to have health insurance or not? Naw, it can't happen in America, or can it?
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Endoscopy1 month, 3 weeks ago
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And I thought that companies were allowed to pay their top people what it takes to keep the top talent in the field they can get.
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I guess the government wants these companies led by mediocre people. That way they will never get out from under their thumb. -
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