Comments on: Is the executive pay bubble popping? http://blogs.reuters.com/great-debate/2009/01/28/is-the-executive-pay-bubble-popping/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Randy http://blogs.reuters.com/great-debate/2009/01/28/is-the-executive-pay-bubble-popping/#comment-7114 Wed, 04 Feb 2009 22:38:06 +0000 http://blogs.reuters.com/great-debate/?p=1618#comment-7114 You could also correlate the middle and working classes degradation in relation to the increase in executive pay. It has only gotten worse since the 80s and it is really high time we deal with it. European CEOs do not act this obscenely.

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By: Tom Cuddy http://blogs.reuters.com/great-debate/2009/01/28/is-the-executive-pay-bubble-popping/#comment-6933 Mon, 02 Feb 2009 04:22:42 +0000 http://blogs.reuters.com/great-debate/?p=1618#comment-6933 I often hear that obscene compensation is necessary to attract “talent”. These malefactors of great wealth and their defenders should pay for the fact that they don’t have to hire private armies to protect themselves and their money. I’m sure returning to 19560’s levels of taxation on the top income brackets would still be cheaper for them than hiring security forces to keep their money. Absolutely there should be a maximum wage. Anytime I read or hear someone imply there is something wrong with economic populism it reinforces the validity of a populist approach to economic inequality.

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By: menotyou http://blogs.reuters.com/great-debate/2009/01/28/is-the-executive-pay-bubble-popping/#comment-6911 Sun, 01 Feb 2009 20:05:43 +0000 http://blogs.reuters.com/great-debate/?p=1618#comment-6911 RCL – great start. but lets add lobbyists and politicians to your list of greedy miscreants. lobbyists should be jailed with assets seized and sold to help cover the dept and CROOKED politicians should be EXECUTED on public tv for taking advantage of the people that elected them. With a list given to the public of exactly who was backing the crooked politicians, so that the public can then boycott their companies.

Politicians should vote on laws or the removal of laws based on what the voters in their districts are asking for, they should not be voting for or against something based on which company (Typically not even in their district) PAYS for.

Best sense – do away with lobbyists and oust ALL crooked politicians (Like Blago)

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By: h-dawg http://blogs.reuters.com/great-debate/2009/01/28/is-the-executive-pay-bubble-popping/#comment-6821 Sat, 31 Jan 2009 14:28:54 +0000 http://blogs.reuters.com/great-debate/?p=1618#comment-6821 Just curious, what evidence is there between public debt and CEO pay, other than they both went up since the 1980s? The number of PCs also went up dramatically in that time. So did the number of cell phones, the number of miles flown on airlines, the amount of hispanic babies born in the U.S….

Debt grew dramatically from 2001 to 2003, when average CEO pay actually dropped. Debt ballooned last year when CEO pay will have taken a dramatic dive. Is there any evidence that debt is a driver of pay? Or is this just speculation upon which to base a populist opinion?

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By: Damian Palmares http://blogs.reuters.com/great-debate/2009/01/28/is-the-executive-pay-bubble-popping/#comment-6670 Fri, 30 Jan 2009 17:00:45 +0000 http://blogs.reuters.com/great-debate/?p=1618#comment-6670 I like the DCAA idea RFL, we need tough regulators like that in the financial industry, it’s already been proven that self-regulation essentially equals no regulation.

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By: RFL http://blogs.reuters.com/great-debate/2009/01/28/is-the-executive-pay-bubble-popping/#comment-6654 Fri, 30 Jan 2009 15:20:43 +0000 http://blogs.reuters.com/great-debate/?p=1618#comment-6654 I rewrote my plan for resolution of our massive economic problems when I am more coherent and not exhaused from a 10 hour work day. My bottom line: arrest and jail everyone involved. These perps have destroyed our economy by their greed and direct action and desrve no mercy from us their victims.

This is what I would do to “cure” our economic ills:

$800b – USG to buy up all of the toxic consumer and business debt and hold it until it could be sold off, terms restructured or otherwise permanently disposed of.

Remove the senior management and boards of directors of any company that accepts federal bailout money. Investigate and jail those executives and board members guilty of collusion, dereliction, incompetence and outright fraud and criminality. No exceptions.

Every federal bailout check that is delivered to any business would be presented by a Defense Contract Audit Agency Auditor who then takes up permanent residence in that company and is supervised by a Federal Receiver… The DCAA is tough and thorough. If these companies can’t “take care of business” the DCAA can do it for them.

Those folks who bought houses they couldn’t afford and were ripped off by predatory lenders and mortgage brokers would be allowed to stay in their houses until the USG could sell the house.

Arrest, prosecute, jail and confiscate ALL of the property, assets; financial and otherwise, transferred and otherwise of all of the perpetrators of this mass thievery, fraud, corruption and incompetence. Perps such as Angelo Mozillo, Chris Dodd, Richard Fuld, John Thain, Barney Frank, Alan Greenspan and many, many more of these swindlers and thieves down to the lowliest mortgage broker. Their confiscated property would in turn be used to retire that portion of the federal “bailout”.

End business deregulation. We’ve had three major business scandals during the 25 years plus of deregulation. Enough is enough, deregulation doesn’t work, Corporate America has proven time and again that it is not to be trusted and the thieves and BS artists always rise to the top.

The USG must enforce, anew, the anti-trust laws. The orgy of businesses engulfing and devouring other businesses must be stopped (Pfizer and Wyeth for example) to preserve the give and take of competition.

Trust will NOT return on the part of the people until ALL of the perpetrators of this massive swindle are jailed for the rest of their lives, their families are turned out into the street and their ill-gotten gains confiscated and used to repair the damage they caused. This economic disaster is not the result of the serendipity of business but the result of corporate crime on a massive scale.

These people are common thieves and profiteers. And profiteers used to be hanged…

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By: RFL http://blogs.reuters.com/great-debate/2009/01/28/is-the-executive-pay-bubble-popping/#comment-6571 Fri, 30 Jan 2009 01:49:40 +0000 http://blogs.reuters.com/great-debate/?p=1618#comment-6571 This is what I would do:

$800b – buy up all of the “toxic debt” and hold it until it could be sold. Remove the senior management and boards of directors of any company that accepts fed. dollars. Every federal bailout check that is delivered would be presented by a Defense Contract Audit Agency Auditor who then takes up residence in that company and is supervised by a Federal Receiver…

Those folks who bought houses they couldn’t afford would be allowed to stay in their houses until the USG could sell the house.

Arrest, prosecute, jail and confiscate ALL of the propery, assets, financial and otherwise, trasferred and otherwise of all of the perpetrators of this fraud, corruption, theft and incompetence of this mass thievery. Perps such as Angelo Mozillo, Richard Fuld, John Thain, Barney Frank, Alan Greenspan and many, many more of these swindlers and thieves. The sh*t sheet is pages long. Their confiscated property would in turn be used to retire that portion of this federal “bailout”. End H1B visas. End “Free Trade” and replace it with “Fair Trade”. End business deregulation. We’ve had three major business scandals during the 25 years plus of deregulation. Enough is enough, deregulation doesn’t work, destructive greed dominates. Enforce anti-trust. Pfizer wouldn’t engulf and devour Wyeth for example. This massive swindle is the disease of fraud, corruption and theft and I’m the cure.

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By: Damian Palmares http://blogs.reuters.com/great-debate/2009/01/28/is-the-executive-pay-bubble-popping/#comment-6518 Thu, 29 Jan 2009 20:14:36 +0000 http://blogs.reuters.com/great-debate/?p=1618#comment-6518 Unfortunately RFL, you are absolutely right.

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By: RFL http://blogs.reuters.com/great-debate/2009/01/28/is-the-executive-pay-bubble-popping/#comment-6459 Thu, 29 Jan 2009 15:44:12 +0000 http://blogs.reuters.com/great-debate/?p=1618#comment-6459 The first thing I learned about business and it is my golden rule of business is “when money is on the table morality goes out the window”.

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By: Damian Palmares http://blogs.reuters.com/great-debate/2009/01/28/is-the-executive-pay-bubble-popping/#comment-6318 Thu, 29 Jan 2009 00:55:24 +0000 http://blogs.reuters.com/great-debate/?p=1618#comment-6318 Not Andrew, I meant well said Trevor to Andrew. My apologies.

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