Updated: Daschle Withdraws; Didn't these guys have to fill out an application?

[dmek25]

does that make you wonder how many politicians are NOT paying their taxes? one of those things that make you go hmmm?

[saden1]

If you don't/can't say "I screwed up" how can you have a conversation about how to rectify the problem?

[FRPLG]

Originally Posted by saden1

If you don't/can't say "I screwed up" how can you have a conversation about how to rectify the problem?

Well there's a difference between saying it and meaning it. In either case, whether you openly admit it or not, meaning and knowing it is more important than saying it to me. I would guess there are plenty of times that politicians know they screwed up and don't say it. Telling everyone just helps make them feel better.

[saden1]

Originally Posted by FRPLG

Well there's a difference between saying it and meaning it. In either case, whether you openly admit it or not, meaning and knowing it is more important than saying it to me. I would guess there are plenty of times that politicians know they screwed up and don't say it. Telling everyone just helps make them feel better.

True true, and of course you can't say I screwed up all the time or you'll lose creditability. So long as people are being held accountable and the days of "I don't know," "I don't recall," "heck of a job," "so what?" are behind us I'm a happy camper.

[724Skinsfan]

^^ That's what I'm talking about.

[dmek25]

President imposes exec pay limits | Video
how is this for a start?

[saden1]

Originally Posted by dmek25

President imposes exec pay limits | Video
how is this for a start?

It's red meat for the mob. There's nothing wrong with being compensated for doing good work but these mofo lost 35 billion and yet paid themselves nearly 20 billion in bonuses. They can go f*** themselves, I am sure they'll "quite their jobs" due to the pay cut and find an employer outside the financial industry willing to hire them and pay them handsomely

[firstdown]

Originally Posted by saden1

It's red meat for the mob. There's nothing wrong with being compensated for doing good work but these mofo lost 35 billion and yet paid themselves nearly 20 billion in bonuses. They can go f*** themselves, I am sure they'll "quite their jobs" due to the pay cut and find an employer outside the financial industry willing to hire them and pay them handsomely

First off your right they will quit and no one worth a damb will take the job with those pay restrictions. Second they did not set their pay the stock holders and board members voted for their pay. Its called a contract and if the board made that bad of a choice and drew up that bad of a deal its the boards fault. Its like us bitching because the Skins paid JT 8 million and he had just a couple of sacks.

[saden1]

Originally Posted by firstdown

First off your right they will quit and no one worth a damb will take the job with those pay restrictions. Second they did not set their pay the stock holders and board members voted for their pay. Its called a contract and if the board made that bad of a choice and drew up that bad of a deal its the boards fault. Its like us bitching because the Skins paid JT 8 million and he had just a couple of sacks.

First of those mofo won't easily find jobs outside the financial industry, certainly not in these current economic times and with "previous employer failed" on their resume.

Secondly corporate boards do whatever the CEO tells them 90% of the time. Rubber stamping CEO proposals is expected in most cases especially if the CEO owns a large number of voting shares in the company. A board member's duties include giving the CEO phat bonuses, during good times, and espouse the value of "being able to offer competitive wages to keep their best people" during the bad times. They have to do and say those sort of things because they got on the board due to The Corporate Board Buddy System™ which mandates you have great back scratching skills and the ability not to get caught with your pants down.

Finally they're getting bailout money so your JT analogy is worthless. If they don't want the money they can go pay their CEO whatever they like and go out of business in the process. Their is a price to pay for getting baildout money. No one likes seeing a friend they just lent $500 because they "needed it" and then see them sporting a new iPod the next day. You ain't getting a goddamn iPod on my dime mofo. No sir.

[CRedskinsRule]

Originally Posted by saden1

First of those mofo won't easily find jobs outside the financial industry, certainly not in these current economic times and with "previous employer failed" on their resume.

Secondly corporate boards do whatever the CEO tells them 90% of the time. Rubber stamping CEO proposals is expected in most cases especially if the CEO owns a large number of voting shares in the company. A board member's duties include giving the CEO phat bonuses, during good times, and espouse the value of "being able to offer competitive wages to keep their best people" during the bad times. They have to do and say those sort of things because they got on the board due to The Corporate Board Buddy System™ which mandates you have great back scratching skills and the ability not to get caught with your pants down.

Finally they're getting bailout money so your JT analogy is worthless. If they don't want the money they can go pay their CEO whatever they like and go out of business in the process. Their is a price to pay for getting baildout money. No one likes seeing a friend they just lent $500 because they "needed it" and then see them sporting a new iPod the next day. You ain't getting a *** iPod on my dime mofo. No sir.

Here is the problem with socialistic ideas like capping pay. If, like you say, the boards rubberstamp the CEO's wishes, how many will go out of business causing the economy to spiral down. You make it sound like their resumes would be trash, but that's not the case. Many of these same Execs would still find jobs, citing macro-economic conditions as the reason for their failure, not their specific job skills.

Several banks have rejected TARP funds simply because the government was injecting to many rules and conditions. (no link, it was on yahoo a few days ago, but I could not find it again).

I am starting to see the trend that President Obama will call for bi-partisanship citing the emergency of the situation, and yet continues to push forward with non-center and even offensive to some (see abortion funding, gitmo, and now maximum payrates), positions. So really his quote, which has been my sig, is looking more and more like a "my way or the hghway" statement not a "lets work together and get the country going" remark.

[firstdown]

Originally Posted by saden1

First of those mofo won't easily find jobs outside the financial industry, certainly not in these current economic times and with "previous employer failed" on their resume.

Secondly corporate boards do whatever the CEO tells them 90% of the time. Rubber stamping CEO proposals is expected in most cases especially if the CEO owns a large number of voting shares in the company. A board member's duties include giving the CEO phat bonuses, during good times, and espouse the value of "being able to offer competitive wages to keep their best people" during the bad times. They have to do and say those sort of things because they got on the board due to The Corporate Board Buddy System™ which mandates you have great back scratching skills and the ability not to get caught with your pants down.

Finally they're getting bailout money so your JT analogy is worthless. If they don't want the money they can go pay their CEO whatever they like and go out of business in the process. Their is a price to pay for getting baildout money. No one likes seeing a friend they just lent $500 because they "needed it" and then see them sporting a new iPod the next day. You ain't getting a goddamn iPod on my dime mofo. No sir.

So before a board elects their new CEO they go to him to decide how he will get paid and what bonus they will receive. I don't think that is how it works but I could be wrong. You also say if they don't want to play by the goverments rules then don't except any bail out money. Then explain this statement by Obama.

"The administration also will propose long-term compensation restrictions even for companies that don’t receive government assistance, Obama said."

Look I agree that these CEO's get paid way too much at times and they also still receive big bucks when things don't go so good. What I don't like is the goverment deciding rather than the board and/or stock holders. Most of the banks problems started from goverment mandates to give out loans to people who could not afford them and now they are pointing the the finger at the banks and CEO's. Its also funny how the goverment is pointing out their waistfull spending when trying to pass a 900 billion doller bill. This new bill I heard is sponsored by SmithField Foods.

[firstdown]

Originally Posted by dmek25

President imposes exec pay limits | Video
how is this for a start?

I think that about as dumb as they come. So now these guys move on to another job and no one worth a damb will take the job. Sounds good but I think it will have a negative effect not positive.

[firstdown]

"The administration also will propose long-term compensation restrictions even for companies that don’t receive government assistance, Obama said."

WOW, why not the Obama admit that they want to take over the banking so they can control all our dam money. They have allready talked about taking over our 401k plans and I'm sure they can f that up as bad as SS so we have nothing left and have to beg them for all our needs.

[saden1]

Daschle is a former Senate leader. Meyers brought the governor's water bottles and possibly other things.

[Trample the Elderly]

Originally Posted by saden1

Daschle is a former Senate leader. Meyers brought the governor's water bottles and possibly other things.

That really doesn't mean anything. Bob Dole was a WWII hero and a Presidential candidate. He's a lobbyist too. You don't use lawyers to get you water. That's what the staff is for.