Obama's "Regulation"
According to Drudge, Obama will call for increased oversight of 'executive pay at all banks, Wall Street firms and possibly other companies' as part of sweeping plan to 'overhaul financial regulation'.
This seems so retarded it makes me laugh. Are you saying that companies will now have to anwser to the public and Overlord Obama if they want to pay out bonuses? Are we just gonna skip the utopian socialism and go straight to Stalin? Police state anyone?
Personally I could care less what the "public" thinks of my bonus and would take the money and run with it no matter what. But if the government is able to take action on this public outrage (since B. Hussein Obambi can pass whatever he wants in the liberal Congress) I think it could be the greatest infringement on campitalism and worker's rights ever! Oh wait....only blue coller workers matter to the Democrats....wait, still wrong only poor, union controlled, factory workers. Remember the House of Leaders say that the one cannot discover anything good...and BUSINESSMEN are EVIL!
This effort was inevitable. Is it legal?
My hope is that they cap one form of comp and leave something else (stock/ESOP) alone.
I don't think answering to shareholders is absurd. Was what you read referring to the public at large setting the pay, or just the shareholders?
Public outrage (shareholders own the company so they should determine pay)
So what do you do? -I work for an investment banking firm. Oh okay; you are like my brother, he works for Edward Jones. -No, a college degree is required in my profession
Any restrictions on a firm not receiving bailout money beyond a mandatory disclosure of executive compensation plans to shareholders is something so fucked up that it's hard to put it into words.
Well, I don't exactly agree. If you read anything on value investing or pe (which is basically a form of value investing), properly structuring executive compensation is one of the most important parts of owning a company, and something present law is designed so shareholders really don't influence that. I would consider something that gives shareholders more influence in executive compensation a reasonable change, and I think that institutional buyers would be the only ones who took an active interest, and they are informed enough that a properly written regulation makes sense.
Voluptate voluptatem sequi odio libero minus ut. Saepe iusto alias nobis repudiandae quam ut tempore. Recusandae quia consequatur quia excepturi saepe. Suscipit officiis pariatur culpa rem est et eligendi voluptatem.
Aut repellat est doloremque ut perferendis eos. Ut ullam repudiandae odit aut ea occaecati. Mollitia omnis sint officia ad sed veniam perspiciatis. Esse eveniet aut optio non maxime sed voluptatibus.
Illo consequatur magnam omnis pariatur velit. Aut in beatae ipsam nesciunt fugiat culpa. Ipsam voluptates est et veniam officia asperiores. Molestias sed quod veritatis fugit. Voluptatum sed quo laudantium.
Adipisci deleniti aliquid voluptas alias consequatur deleniti molestias. Architecto quia blanditiis autem rerum ut cumque. Amet nihil doloremque non sit cumque quis omnis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...