Can President Obama snatch those $18 billion dollar corporate bonuses from the CEOs?

EraOfResponsibility

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Fri Jan-30-09 06:44 PM
Original message

Can President Obama snatch those $18 billion dollar corporate bonuses from the CEOs?

Edited on Fri Jan-30-09 06:45 PM by EraOfResponsibility

If so, that would be awesome, he should do that.

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Mz Pip

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Fri Jan-30-09 06:48 PM
Response to Original message

1. I don't see why not.

Refuse to give them any more money until they give the money back and also force them to restructure their salaries, now. This should be in any future bail out bill.

No exceptions.

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Still Sensible

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Fri Jan-30-09 06:52 PM
Response to Reply #1

2. That would be the ticket. You are not eligible for TARP funds

if you paid out bonuses over "X." If you want/need to qualify, recover those funds. End of story.

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EraOfResponsibility

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Fri Jan-30-09 08:59 PM
Response to Reply #2

7. yeah that makes sense to me

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rvablue

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Fri Jan-30-09 06:53 PM
Response to Original message

3. A column in the biz section of the NYT today said it is unlikely...

can't link it b/c I read it in the hard copy and don't have access to the website.

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Andy823

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Fri Jan-30-09 06:57 PM
Response to Original message

4. I agree.

t's pretty simple if they want more money later on down the road. I hope congress passes a bill like senator McCaskill's that would limit salary to $400,000 which would include pay, and any kind of bonus's. It's crazy for those people who caused the melt down to get millions, even billions in salaries, bonus's, and stock options. It's the taxpayers money, lets make the rules tough so we get some real change for our money!

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CK_John

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Fri Jan-30-09 07:04 PM
Response to Original message

5. This bonus was not CEO's but the thousands working the desk in day to day operations.n/t

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salguine

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Fri Jan-30-09 07:04 PM
Response to Original message

6. That's not enough. Not only should the CEO bonus money be taken back, but the whole

amount given to the company should be taken back as well. Let it fucking go under as a lesson to others. It's not a company's poor performance that created this mess, it's a mindset and a whole way of thinking. The bailout bonuses were just a symptom of a much larger problem.

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