Yea that little pesky experiment which never worked..

so what makes them belive that communism will suddendly work now that the demorats are in power>???

While it might seem that handing a vote to the various shareholders regarding exec compensation sounds relevant, in actual practice it will mean little in most all cases.

Looking at the non-tarp public companies this compensation control is possibly going to target. The major shareholders are already selecting the board members that set compensation packages. Once the board sends a package for a vote, it will be passed. If the board members themselves were actually making ‘horrible mistakes’ would not be there in the first place.

Lets take a peek at Microsoft. While many people hold shares in the company, Mr Gates has the most. No matter what options for ‘pay packages’ are placed on the table, Bill will vote and that will be that. Others like Oracle and google and dell, etc, … work in the same manner.

In general, shareholder voting for exec compensation is already being done. This entire exercise is just that, an exercise.

This nation is lost, and it’s worse than you think. You can comment about Obama on HA all you want, but if you are part of the moral-less agnostics, you are not on the side of this nation. Didja hear that, Allah?

Whew! That quote is actually from William J.H. Boetcker, but is often attributed to Lincoln.

NTWR on June 12, 2009 at 2:02 PM

My bad…guess who needs Quote Verifier! Still will keep this quote going strong as it really speaks to the dangers we face now. Thanks for correction!

“Based on a review of all contracts over $1M, we have found that your company doesn’t use enough unionized material and service suppliers. Accordingly, we forbid you to actually pay for any of the goods and services provided by X, Y, and Z.” — and to think, we’ve been worried about Card Check.

And since this approval comes after the fact, what’s the use of having a contract at all? It’s like, I don’t know, studying for a qualifying exam and placing well, and then having the exam thrown out because other people didn’t do as well as they wanted to….

BARRY SOETORO = HUGO CHAVEZ

“WHERE’S THE BIRTH CERTIFICATE“?

byteshredder on June 12, 2009 at 1:57 PM

The birth certificate was sealed by order of the Governor of Hawaii, I believe shortly after Obama’s grandmothers demise.

Equal to Chavez? I’m betting ol Hugo is sitting back, amused, and somewhat jealous at how quickly Obama is thrusting our country into socialism.

Easing into exec-pay limits

BARRY SOETORO = HUGO CHAVEZ

“WHERE’S THE BIRTH CERTIFICATE“?

Abraham Lincoln

redwhiteblue on June 12, 2009 at 11:43 AM

Is that really a Lincoln quote? If so, I have it incorrectly attributed on my blog. Crud.

Laura Ingraham called this an economic dictatorship yesterday. I think she’s right.

I’m sure the Union bosses will have their pay limited soon, right? Right?

We the citizens of the United States, thru contemplative thought, and debate, have decided heretofore, that your salary will be limited to $100,000 a year, and not one dime more.

You will not recieve executive health care from here on out. You will not recieve bonuses, or free vacations, or date nights, courtesy of the tax payer. Any personal business, such as these will come solely from your earnings, of $100,000, and any other earnings, coming from employment outside of your duties as President of the United States.

You will not purchase any items,or make any changes of personal nature, with tax payer monies. You will live only off your earnings as an employee of the citizens of the United States.

Nothing personal dude, but morality knows no limitations, and we here by hold you to your own moral standards.

From:

The United States Citizens.

Fixed it!

The point most people miss is: “This should not be happening at all”.

Tommy_G on June 12, 2009 at 9:30 AM

Exactly.

But if we going to take that path, let’s be sure to limit the pay of pols and bureaucrats, media celebs and execs, union bosses and bureaucrats, lawyers, athletes, education bureaucrats and teachers.

The point most people miss is: “This should not be happening at all”.

Tommy_G on June 12, 2009 at 9:30 AM

I whole agree – every day Ogumbe grabs more power for himself, just like every despot dictator does.

“Those damn rich people!”

We certainly don’t have to like them but these are the folks why by hard work, crookedness, or a combination thereof have amassed the capital to open businesses, build factories, invest heavily in other enterprises-in short, make it so the rest of us have jobs.

A necessary evil. Remember, they can’t take it with them anyway.

The government should do no more than to enforce laws concerning embezzling, lying about stock values and so on.

What’s frightening to me is how high Obama’s approval ratings still are. Do people not realize how he’s slowly killing the American dream? Or do they not care?

CityFish on June 12, 2009 at 9:34 AM

The personal bottom line. That is when people finally realize what is happening and buy-a-clue, if they have the change left in their pocket.

Obama has over-played his hand but most people won’t realize the personal impact until they are in the unemployment line, can’t afford to pay the monthly bills, or are paying $4.50 for a gallon of gas.

The poll numbers are indicating that part of the electorate is finally starting to wake up. The tsunami of outrage will be along shortly. I believe the White House now probably sees this coming. Their reaction will be very interesting.

RUReadingthis on June 12, 2009 at 11:25 AM

We must remember this…
You cannot help the poor by destroying the rich.
You cannot strengthen the weak by weakening the strong.
You cannot bring about prosperity by discouraging thrift.
You cannot lift the wage earner up by pulling the wage payer down.
You cannot further the brotherhood of man by inciting class hatred.
You cannot build character and courage by taking away people’s initiative and independence.
You cannot help people permanently by doing for them, what they could and should do for themselves.
Abraham Lincoln

Just say it Barack… You came out of the closet on being a muslim, didn’t you?

Just say it…Go ahead… We all know…

How about Oprah! She spends an hour on TV, telling everyone how to be a better person each day. Maybe a more reasonable salary for her is called for. Is there some reason she is more valuable to society that Jane Doe who works 8 hours a day for minimum wage just to feed her child.

How about the NFL…..these guys get millions of dollars to ‘play a game’. Kids on ball fields playing the same game…get nothing. How is this fair ?

Why is it some people in this society are considered more valuable that others………..are we all not the same ?

OH THAT’S RIGHT, WE ARE NOT A COMMUNIST COUNTRY !

Is anyone keeping count of how many Czars and Czarinas we THEY have now?

redwhiteblue on June 12, 2009 at 11:21 AM

Over at the Contentions blog, there was a post yesterday with the czar count and what the czars cover.