O: Wall Street bonuses shameful

[ladiesbballcoach]

Agree with O on this one. Ridiculous that they would do that as his administration is about to come back to taxpayers and ask for more money for these same companies.

 

http://content.usatoday.com/communities/theoval/post/2009/01/62115204/1

 

President Obama thinks it is "outrageous" that securities firms paid their top executives $18.4 billion in bonuses last year, White House spokesman Robert Gibbs said this afternoon.

[Clyde]

I don't remember the bank but I heard something about a CEO spending close to $1M on redecorating his office AFTER the bailout money.

[ladiesbballcoach]

I don't remember the bank but I heard something about a CEO spending close to $1M on redecorating his office AFTER the bailout money.

 

But how is that different from this stimulus bill have multiple millions to renovate the Department of Agriculture's offices? (I think that is the department)

 

He was just creating jobs.

[Clyde]

But how is that different from this stimulus bill have multiple millions to renovate the Department of Agriculture's offices? (I think that is the department)

 

He was just creating jobs.

 

In the big picture its no different. However, you would think that public perception would be enough to steer a CEO away from asking for handouts and then wasting $1M. The govt, unlike the bank, can't lose customers.

[ladiesbballcoach]

In the big picture its no different. However, you would think that public perception would be enough to steer a CEO away from asking for handouts and then wasting $1M. The govt, unlike the bank, can't lose customers.

 

Greed has a way of negating rational thinking.

[75center]

Go get em O! Take them to the woodshed.

[bballfamily]

I don't remember the bank but I heard something about a CEO spending close to $1M on redecorating his office AFTER the bailout money.

 

I know you will reject the source, but Rush said the office was redone before they got the money. Besides they should have been allowed to go under, no bailout money, before, during or after redecorating.

[STRIKE3]

Let's take all the major Corporations in the Fortune 500/NASDAQ and NYSE. Make them work for $250,000 and the "remainder" of their original salaries, then be divided to the following....

 

Half - Toward stimulus checks to taxpayers, whom are Married and with children.

Half - Toward interest earning account, used to help in times of natural disasters, floods, earthquakes, etc...

 

Use the exorbitant sums for good and improvement, instead of lavishness. I wonder how much this would generate.

[Run To State]

I'm in agreement with Obama on this as well. He could also admonish the majority of politicians for some of their greed, heck, he could admonish his wife as well.

[AirYardGo]

This is one of few things that I'm with Obama on.

[Irish Cat]

While I agree that some of these bonuses are shameful, they are no more so than the amount of money our government spends on the innauguration and other wasteful taxpayer spending.

[woodsrider]

I don't remember the bank but I heard something about a CEO spending close to $1M on redecorating his office AFTER the bailout money.

I believe it was Merril Lynch. Like him or hate him Rush made a good point on this one. What did that $1+ million do? They had to pay a contractor, decorator, ect... Looks like they stimulated the economy by $1+ million. Would it have been better if they would have loaned the money to the contractor, decorator, ect...

[Run To State]

I heard something today that's making me change my mind on this. If a company has a contract with someone that includes bonuses for meeting certain goals and they meet said goals, doesn't the company have a contractual obligation to pay that bonus? Honestly, who is Obama to interfere with that?

[HOOKSHOT]

I believe it was Merril Lynch. Like him or hate him Rush made a good point on this one. What did that $1+ million do? They had to pay a contractor, decorator, ect... Looks like they stimulated the economy by $1+ million. Would it have been better if they would have loaned the money to the contractor, decorator, ect...

 

I don't remember the bank but I heard something about a CEO spending close to $1M on redecorating his office AFTER the bailout money.

 

You may be surprised to know that the big O has contracted with the same man to redecorate the White House.:ohbrother:

[ladiesbballcoach]

What I was hearing on the pundit shows is a simple statement in the contracts for bailout money.

 

If you take government bailout money, the CEO's and top people will take no greater compensation than what the President makes.

 

Now, the interesting thing is once the President leaves office, he is going to receive all sorts of bonuses in the form of speaking engagements. O will make his once he leaves office as all others have. But he is going to limit those CEO's from doing it.