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Obama instated a $500,000 cap on yearly earnings for CEOs of companies that accept any money from the bailout. I think the cap is crap and blogged about it on my personal blog: Obama $500,000 CEO Cap: Crap | Jordan's Personal Blog
How do you guys feel about it?
New York Times Issue: http://www.nytimes.c...ay.html?_r=1
$500,000 CEO Cap
Started by
Guest_Jordan_*
, Feb 05 2009 05:23 AM
3 replies to this topic
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#2
Posted 05 February 2009 - 08:47 AM
WingedPanther
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Personally, I think bailing out private companies at all is crap. The phrase "too big to fail" should be "too stupid to succeed". Failing companies get bailed out, while successful companies get nothing. I thought we wanted a lean, mean, economic machine, not a floundering piece of junk.
#3
Posted 05 February 2009 - 09:03 AM
Aereshaa
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I agree. The companies that should get money are small companies that have just hit break-even. That way the economy will be full of spending, expanding companies.
#4
Guest_Jordan_*
Posted 05 February 2009 - 09:09 AM
Guest_Jordan_*
Guest_Jordan_*
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WingedPanther said:
Personally, I think bailing out private companies at all is crap. The phrase "too big to fail" should be "too stupid to succeed". Failing companies get bailed out, while successful companies get nothing. I thought we wanted a lean, mean, economic machine, not a floundering piece of junk.
You captured exactly how I feel about the entire thing (although this bailout will probably keep me with a job).
