Poll: Should the Government Set compensation guidelines for bailed out corporations?

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Thread: Pay Czar

  1. Pay Czar

    White House to appoint pay czar to set pay for organizations who accepted bailout dollars.
    What do you think?
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  2. Join Date
    Dec 2008
    Location
    Greenwood Village CO
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    4

    Re: Pay Czar

    Before I answer the question I must state first that the government should never have bailed out the companies to begin with.

    So I say "NO" we need less government I all aspects of our lives.

    -DJM

  3. Join Date
    Jul 2007
    Location
    Austin, TX
    Posts
    5

    Re: Pay Czar

    Outside of the over-use of the word "czar" in the last 5 months, I can't think of a more destructive precedent. What they won't say is that the "bailed out companies" are not the only target.

    Its counterintuitive for those who believe in ANY state regulation of pay to stick to a just a small segment of formerly private entities. Anyone taking advantage of tax breaks is next. Ummm..I guess that mean every business on on US soil. Nothing like an incremental dismantling of private enterprise. Not sure what is worse, the intent of the new Uncle Sammy or the fact that more than 60% of the citizenship doesn't know what is happening.

    Nice topic....

  4. Join Date
    Jul 2007
    Location
    Austin, TX
    Posts
    5

    Re: Pay Czar

    ....And they said they would stick to bailed out companies? See link. Czar's don't answer to congress, they answer to the President. Now we know why there are so many Czar's.

    Tick Tock tick tock....

    http://finance.yahoo.com/news/Admini...0519.html?.v=6

  5. Re: Pay Czar

    Nice share, Scott.
    The market will ultimately address compensation along with the falling of the tide. Meddling is proving to simply delay the inevitable.

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    Last edited by David Sandusky; 06-11-2009 at 08:09 AM.
    Fail Fast; Lead,
    David Sandusky, executive recruiter, keynote speaker, founder of Your Brand Plan:

    Personal Brand strategy for business and career with the Strategic Career Plan & Personal Board of Advisors
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    "The greater danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it" - Michelangelo

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