bailout enhancements - Democratic Underground

Fresh_Start

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Mon Sep-29-08 11:34 AM
Original message

bailout enhancements

just like companies are able to change pension and healthcare benefits almost at will.
Why don't they
a) change employment contracts for their senior officers to minimize golden parachutes
b) prevent stock options from being repriced
c) provide 90% of executive compensation based on results 10 years out to prevent shortsightedness

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whistle

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Mon Sep-29-08 11:37 AM
Response to Original message

1. CEOs must be in for the long haul just like employees are expected

...to contribute to company performance over the long haul.

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Fresh_Start

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Mon Sep-29-08 11:40 AM
Response to Reply #1

4. thats why I'm suggesting majority of compensation

has a 10 year horizon.

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whistle

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Mon Sep-29-08 11:42 AM
Response to Reply #4

5. Exactly, but the entire system needs to be overhauled and changed back

...to an FDR long range outlook for the country

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Fresh_Start

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Mon Sep-29-08 11:44 AM
Response to Reply #5

6. I haven't seen any evidence in my lifetime

of an 'outlook for the country'. All I've seen is an 'outlook for corporate America'.

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whistle

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Mon Sep-29-08 11:54 AM
Response to Reply #6

7. JFK was the last visionary democratic president with the space program

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lib2DaBone

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Mon Sep-29-08 11:56 AM
Response to Reply #6

8. Well said.. we need an outlook for our Country......

Not 30 more years of Reagonomics. Congress could reverse this situation with the stroke of a pen. Reverse the tax credits for companies to bring jobs home from China. Go to single-payer health care and get health care inflation off the backs of the employers so wages can be competitive.

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Fresh_Start

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Mon Sep-29-08 11:57 AM
Response to Reply #8

9. Consumers have to help as well

reward local manufacturers, punish outsourcers

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Eric J in MN

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Mon Sep-29-08 11:38 AM
Response to Original message

2. For a corporation to participate...

...it should be required to have all its executives agree to salaries of $400,000* or less.

There is no such requirement in the bailout bill.

* - salary of the US president

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Fresh_Start

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Mon Sep-29-08 11:40 AM
Response to Reply #2

3. I'm on board with that nt

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