Steve Posted February 13, 2009 Report Share Posted February 13, 2009 US stimulus plan to cap banker bonuses By Francesco Guerrera in New York and Edward Luce in Washington Published: February 13 2009 18:20 | Last updated: February 13 2009 18:20 Top bankers working for US financial groups that have received government aid face tough new caps on bonuses under a little-noticed amendment to the law authorising the $787bn stimulus package. The rules, which will limit bankersâ?? bonuses to just a third of their total compensation and force them to take it in stock, have enraged Wall Street executives. Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted February 13, 2009 Report Share Posted February 13, 2009 When you are in so many words bankrupt and seeking financial bailout, you shouldn't expect to live the same as you were before. These idiots should be happy they are getting bailedout. Link to comment Share on other sites More sharing options...
Old Hippie Posted February 18, 2009 Report Share Posted February 18, 2009 About time someone put the brakes on these assholes. Bad enough they looted the till and drove these companies under now they want to use tax payer money to keep the party going? I don't think so. The airlines did the same thing, then demanded large concessions from the workers, then the ceo's took huge binuses, and then wanted more from the government and got slapped, about time someone brought all these shit licks back to reality. Now when they start treating government workers like the private sector does, maybe we will get on some even ground. Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted February 19, 2009 Report Share Posted February 19, 2009 Old Hippie, you seem to be a hater of Reaganomics. Now if you were a CEO, wouldn't you want to fuck over a few little guys just for the fun of it? Link to comment Share on other sites More sharing options...
Old Hippie Posted February 19, 2009 Report Share Posted February 19, 2009 I'd like to think I's be an old school "CEO" as in a boss as they were called in the old days before all these small dick assholes took over. and give my employees what they deserved for maing me rich, which is.was a reasonable share of the pie. Back in the old days, the "boss" or owber/top guy would boast about giving his employees the best medical, highest pay etc...as it proved he did his job and led a good company to the top. Now adays, it seems the best way to baost is by screwing over others and taking what is theirs. Link to comment Share on other sites More sharing options...
Weird Posted February 20, 2009 Report Share Posted February 20, 2009 How about Congress cut it's pay to 1$ a year until they get a balanced budget? Link to comment Share on other sites More sharing options...
Flashermac Posted February 20, 2009 Report Share Posted February 20, 2009 Never happen. But what if they get paid by the days they actually work - not for the times they are at home, campaigning etc? Link to comment Share on other sites More sharing options...
cavanami Posted February 20, 2009 Report Share Posted February 20, 2009 My tax dollar = NO FARKIN' BONUS!!!! Link to comment Share on other sites More sharing options...
ThaiHome Posted February 20, 2009 Report Share Posted February 20, 2009 I have no problem with a performance based bonus being a significant part of the compensation package. As a matter of fact, I think is much better then a straight salary There does need to be upper limits to keep the total compensation within reality and there should also be paybacks for products that have not performed as sold in order to keep people form selling any damn thing and not caring if it worked or not, which is what happened in a lot of cases. TH Link to comment Share on other sites More sharing options...
Old Hippie Posted February 20, 2009 Report Share Posted February 20, 2009 How about Congress cut it's pay to 1$ a year until they get a balanced budget? I have no problem with that at all...except we are dreaming as it will never happen. Link to comment Share on other sites More sharing options...
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