On 21-Mar-2009, at 21:03, Charles Bennett wrote:
> On Mar 21, 2009, at 11:31 AM, Kevin Callahan wrote:
>> http://www.motherjones.com/politics/2009/03/geithner-aide-fought-ceo-pay-reform
>>
>> As a Goldman Sachs lobbyist, Mark Patterson once worked against a
>> bill to curb executive compensation. The legislation's sponsor:
>> Barack Obama.
>> —By David Corn and Jonathan Stein
>
> and now.
>
> <http://www.nytimes.com/2009/03/22/us/politics/22regulate.html>
>
> "The new rules will cover all financial institutions, including those
> not now covered by any pay rules because they are not receiving
> federal bailout money. Officials say the rules could also be applied
> more broadly to publicly traded companies, which already report about
> some executive pay practices to the Securities and Exchange
> Commission."
>
>
> IF they try to take this to any publicly traded company EVEN if they
> are taking no bailout money then I have a big problem with it.
I don't. The practice of "bonuses" is simply an end-run around tax
laws in the first place. They should simply make bonuses that exceed
50% of salary OR $100,000, whichever is more, illegal.
--
You may be anti anti-spam-kook if: Despite having invented the
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envelope and SMTP headers; you doubt there is such a thing as
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