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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!

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Comments (6)

  • you-down-with-SEC's picture

    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?

  • MMBinNC's picture

    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

    Reality hits you hard, bro...

  • greenman101's picture

    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.

  • In reply to greenman101
    drexelalum11's picture

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