On Mar 22, 2009, at 11:35 AM, Charles Bennett wrote: > > No, I'm arguing that the federal government as no right to an > "oversight" role on executive pay limits or anything else > of a publicly traded company that exceed the basic rules already in > place by the SEC. > > The companies are already subject to the rule of law. They already > have disclosure laws. It is however illegal to disclose the pay of > employees.
I think you may be overreacting to an article that was admittedly somewhat sensationalized. The substance seems to be about subjecting newer forms of financial institutions to the kind of disclosure that is already required of credit unions and S&Ls. Some of this clearly is being done at the behest of stockholders who are being denied basic information about the compensation of people who are technically their employees. There is nothing illegal about disclosing the pay of employees and we ready about the compensation packages of auto workers every day. Rest assured that when Goldman Sachs wants to borrow money form Warren Buffett they tell him anything he wants to know. --- Just because they're good at propaganda doesn't mean we have to be good at stupid. -Marty Kaplan _______________________________________________ OSX-Nutters mailing list | [email protected] http://lists.tit-wank.com/mailman/listinfo/osx-nutters List hosted at http://cat5.org/
