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Republicans fighting to protect CEO pay

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SHRED Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 09:32 AM
Original message
Republicans fighting to protect CEO pay
"... Mr. Paulson is resisting efforts to limit the pay of executives whose firms participate in the program and plans to fight it "hard," according to a person familiar with the matter. He fears that provision would render the program moot, since many firms might choose not to participate.

There seems willingness to negotiate on other issues, such as how Treasury hires asset managers to oversee the immense investment portfolios it soon could own..."


http://online.wsj.com/article/SB122200573768460503.html

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There you have it.

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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 09:33 AM
Response to Original message
1. I knew he was going to!
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 09:34 AM
Response to Original message
2. who cares if a bank doesn't participate?
wouldn't that be a good thing?
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prole_for_peace Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 09:35 AM
Response to Original message
3. If they choose not to participate then too bad for them.
I am scared this is going to pass as is and be a huge giveaway to these corrupt billionaires. The current dem leadership has not shown much backbone in the past but I sure hope they can find it on this issue.
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 09:45 AM
Response to Reply #3
4. I'm watching the debate
so far all speakers have been against it and it's not just Dems.
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prole_for_peace Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 09:57 AM
Response to Reply #4
6. I will keep my fingers crossed. n/t
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FreeSpeaker Donating Member (9 posts) Send PM | Profile | Ignore Mon Sep-22-08 09:56 AM
Response to Original message
5. My goodness, how pathetic is that?
Hopefully this is the undoing of the "greed is good" philosophy; that's what is at their core. No sense of balance.
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 09:59 AM
Response to Reply #5
7. It's disgusting, is what it is.
:puke:
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prole_for_peace Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 10:03 AM
Response to Original message
8. Listening to the WP Journal on CSPAN2
and a caller just said that the CEOs of these companies are Democrats and that all their donations go to Democrats and then she mentioned Clinton (of course). The Journal guy asked "Where are you getting this information?" and the caller says "Its well known" or something like that.

Sheesh.
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