Ran across this article in the business section of the Atlanta Urinal and Constipation.
Washington —- The House passed legislation Friday aimed at restraining compensation for corporate executives by letting shareholders take an annual advisory vote on their pay.
What a great idea! Can we extend it to Congress?
Shareholder advocates believe that "say on pay" votes would discourage boards of directors from approving lavish compensation packages for top executives.
Fine. Let's go after the lavish compensation packages for our "public servants". Jesus H. Christ! I'll bet 1/3 of our elected officials are crooks and that includes both Republicans and Dimocrats except news stories about crooked politicians often omit the fact that they're Dimocrats or bury it in the story. If it's a Republican, it's in the first paragraph. But I digress.
"The CEOs don't own the company," Rep. Barney Frank (D-Mass.), the bill's chief sponsor, said during the debate. "The shareholders own the company" and deserve an opportunity to speak out on management's pay, he said.
Congresscritters don't own the country. Taxpayers do and they deserve an oportunity to speak on on our management's pay.
These guys give themselves a pay raise every other year. Why can't we vote for that like they want shareholders to vote for CEO's pay? At least CEO's make money for their companies. Our politicians waste our money. We ought to make 'em work for free. Let 'em live on their bribes and kickbacks.
Talk about benefits. Have you seen the retirement packages these assholes give themselves? Can we vote on that? Howza 'bout their medical benefits?
These bozos really have some nerve criticizing CEO pay when they are the most overpaid bunch of buttheads in this country. Some of them are even traitors. We call them Dimocrats.
Limit CEO pay? Let's limit congressional pay. Bastards!
DagNab it, Denny!!!
Once AGAIN, I find myself in complete agreement with you on this!
Must be a little extra "sumpin'-sumpin'" in all that smoke wafting up here from South Georgia.
Well Done!
Posted by: DanS on April 23, 2007 02:20 PMRight on! Power to the People! I'll have to take exception to your guesstimate that only 1/3 of our elected reprobates, er, representatives is low by at least 1/3...no doubt you were being conservative. Term limitations must be extended to the Senate, especially Michigan and Massacresetts, where asshole voters are paid both for their votes as well as not rocking the elected official's yachts.
Posted by: DrChappy on April 23, 2007 02:28 PMI mailed something on this order to CD. Maybe he could forward it to you as I have lost it. The damn gummit has about much business telling businesses how much CEOS should make as telling the same to them how much they should pay. (Minimum Wages) Our founding fathers should be rolling over in their graves. The damn Dims want us to be more like Europe while they are falling on their asses. What a bunch of losers. But worst of all are dumb uneducated people voting for these assholes.
Posted by: gene Hall on April 23, 2007 02:40 PMI bet Harry Reid's salary pales to the bribes he is taking from Syria and Iran.
Posted by: vetfromhell on April 23, 2007 02:46 PMHarry Reid & Sons have stolen so much from this nation that they could build another casino in Vegas. They probably will! And AG Gonzales has never attempted to jail any of them. But boy has he jailed some R's. They deserve it but what is going on with William Jefferson (D) La. and Rep. Mollohan (D) WVa? You hear nothing about these people!
Posted by: gene Hall on April 23, 2007 07:55 PMAMEN, Brother!!!
Posted by: Marianne on April 23, 2007 08:29 PMPoliticians are pure scum. They all lie, cheat, and steal -- every last single one of them. They all take bribes and kickbacks to vote a certain way. They have so much power to do good for the American people, but all they're after is power, perks, and money. They say whatever they have to say to get elected or re-elected: "If I'm elected, I'll do this for you and I'll do that for you." Then, they never do it! They are all disgusting, disgusting human beings.
Posted by: GT on April 24, 2007 10:32 AMCEOs' compensasion is based on company performance.They usally get a percentage of that performance.
If the company does 10's of billions in profit,a $250 million severance parachute is earned by that Cheif Executive Officer.
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.poletax