Is Barney Frank Retarded?

[AlpineTrout]

It's bad enough that Obama has suggested that any company receiving TARP money, limit their executives pay to $500,000. Now I'm hearing that Barney Frank wants executive pay FOR ALL U.S. COMPANIES, to be limited to $500,000 (including bonuses).

So, I'm asking you, is Barney Frank retarded? And if so, how is it possible that we have such people running our country?

 

[Mercor]

He just wants everyone to know how it feels to take one up the arse.

 

[nutmeg]

He should make that 250k. These guys could make it under the tax the rich wire.

 

[bugscoe]

Quote from Mercor:

He just wants everyone to know how it feels to take one up the arse.

Lol...now that was a good one!

 

[AAAintheBeltway]

Quote from AlpineTrout:

It's bad enough that Obama has suggested that any company receiving TARP money, limit their executives pay to $500,000. Now I'm hearing that Barney Frank wants executive pay FOR ALL U.S. COMPANIES, to be limited to $500,000 (including bonuses).

So, I'm asking you, is Barney Frank retarded? And if so, how is it possible that we have such people running our country?

Actually I don't think it would be such a bad idea for comp at public companies to be limited. If the execs need to be so "incentivized", to use their favorite justification for stealing shareholders' money, let them buy stock in their own companies. I have always found that argument insulting. What is different about a CEO that he has to have hundreds of millions in comp to drag his ass out of bed with his trophy wife in his manhattan penthouse, while factory workers are expected to bust their butts in dangerous jobs for $50k?

Has our current experiment with letting CEO's set their own comp worked out well? Lot of shareholder value created? I know there will be a chorus of free marketers trashing me and pointing out how much value some selected CEo's added. For every Steve Jobs, who of course founded the company, there are a thousand Nardellis, corporate politicians who add nothing beyond what any reasonably competent corporate drone would have done.

 

[Thunderdog]

Quote from AAAintheBeltway:

Actually I don't think it would be such a bad idea for comp at public companies to be limited. If the execs need to be so "incentivized", to use their favorite justification for stealing shareholders' money, let them buy stock in their own companies. I have always found that argument insulting. What is different about a CEO that he has to have hundreds of millions in comp to drag his ass out of bed with his trophy wife in his manhattan penthouse, while factory workers are expected to bust their butts in dangerous jobs for $50k?

Has our current experiment with letting CEO's set their own comp worked out well? Lot of shareholder value created? I know there will be a chorus of free marketers trashing me and pointing out how much value some selected CEo's added. For every Steve Jobs, who of course founded the company, there are a thousand Nardellis, corporate politicians who add nothing beyond what any reasonably competent corporate drone would have done.

A thoughtful post.

 

[Thunderdog]

Quote from Mercor:

He just wants everyone to know how it feels to take one up the arse.

Quote from bugscoe:

Lol...now that was a good one!

I think it's wonderful that you two have found each other. No doubt, you have so much to talk about.

 

[NeoRio1]

Quote from Thunderdog:

I think it's wonderful that you two have found each other. No doubt, you have so much to talk about.

WTF thunderdog.

You sent gnome and bugscoe your list of junior high insults that you use almost daily on this forum but not me.

You suck. I thought we were friends.

Hope and change.

 

[Thunderdog]

Quote from NeoRio1:

WTF thunderdog.

You sent gnome and bugscoe your list of junior high insults that you use almost daily on this forum but not me.

You suck. I thought we were friends.

Hope and change.

Sorry, Neo, it just wasn't working out. You'll find someone new.

And I don't specifically recall insulting gnome. Perhaps you could refresh my memory, seeing as how you wrote that I insult him almost daily.

 

[AlpineTrout]

Quote from AAAintheBeltway:

Actually I don't think it would be such a bad idea for comp at public companies to be limited.

Who should make this # up, government?

Where would truly talented people, people that can successfully manage the affairs of companies that employ 10's of thousands of employees go, after their salaries are capped. I'll tell you where they're going to go. Elsewhere. They'll go to countries that don't have salary caps, and then the U.S. will be stuck with 2nd string guys. Simple supply and demand.

To even think about government setting limits on anyone's salary in the private sector makes me feel like I'm in the Twilight Zone. Seriously.