What is Morning Joe talking about: Obama is trying to tell every company what they can pay execs?

SamCooke

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Wed May-13-09 07:44 AM
Original message

What is Morning Joe talking about: Obama is trying to tell every company what they can pay execs?

Edited on Wed May-13-09 07:49 AM by SamCooke

I'm not sure, but I think they got the facts wrong some how. That's not even possible, is it?

apparently this is the article that they were talking about

http://online.wsj.com/article/SB124215896684211987.html

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hobbit709

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Wed May-13-09 07:49 AM
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1. He's bloviating because deep down inside

He knows that he's vastly overpaid himself.

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Lasher

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Wed May-13-09 07:55 AM
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2. I'm not sure, but somebody should be controlling senior executives' pay.

And right now nobody is.

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HamdenRice

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Wed May-13-09 08:51 AM
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3. For many years, various laws limited executive pay indirectly

Executive pay over a certain amount was not deductible from the company's income for tax purposes, effectively doubling the cost of excessive to the company and stockholders. Company pay had to be disclosed in prospectuses, which were read by shareholders. And conflict of interest rules prevented executives from setting their own pay or having their buddies on the board set their own pay.

It really can be framed as an issue of fairness to shareholders.

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TankLV

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Wed May-13-09 09:13 AM
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4. IF WE PROVIDE THE MONEY FOR THEIR SALARIES, THEN WE GET TO TELL THEM HOW MUCH!!!

If these companies DON'T want US telling them what to do, then they can FAIL, and see how much they get!!!

IT'S OUR MONEY!

Nobody is FORCING them to take it.

WHY don't these media WHORES explain it LIKE IT IS?!!!

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