Depeche Toad
Well-Known Member
- Joined
- Feb 17, 2009
- Messages
- 91
C'mon, c'mon.....you need to list some examples.....
After all, we're talkin' 'bout FLAG-WAVIN' 'MERICAN-CAPITALISTS, HERE!!!
Barney Frank intends to enforce executive pay guidelines for every institution his committee overseas, not just the ones being bailed out.
Frank differed with Shelby, who said he believed the government should interfere with private companies' executive compensation only when taxpayer money (such as the billions in TARP funds that have gone to teetering banks) is at stake. Frank said that such unstable situations (where private companies come for handouts of public money) should be prevented from happening by changing the ethos of no-risk rewards, which Frank said provide "perverse incentives.
http://www.cbsnews.com/blogs/2009/02/15/politics/politicalhotsheet/entry4803687.shtml
It's in the "stimulus" bill.