Should the government limit executive pay at bailed-out firms?
Response
Percent
Yes
85%
No
14%
Total
596 total votes
COMMENT
These comments are a means for our readers to voice their opinion on local issues in and around the St. Joseph area.
The following comments are the sole responsibility of the person posting them. We do not review every post or respond to every suggestion for a comment to be removed.
Before posting, please read the following rules:
Comments that threaten someone or degrade them on the basis of gender, race, class, national origin, religion or disability will be removed.
Comments containing abusive, vulgar or sexually-oriented language will be removed.
Comments that spread rumors or lies will be removed. Please discuss only what has been factually proven.
Comments posted in all caps will be removed.
Stay on topic! Comments that stray away from the original topic will be deleted.
Brief quotes are okay as long as the source is given. Blatant cutting and pasting is not acceptable.
Comments must be kept under 250 words or less.
Stjoenews.net moderators also reserve the right to remove comments for any reason they deem worthy.
If the government wants to get it's money back, it has allow the companies to pay the kind of salaries that will attract people that know how to make money. Government sanctioned salary limits are nothing more than a Communist experiment. This is populism at it's ugliest.
Think about it this way. Do you want the government telling you what you can make? By regulating the pay of these companies, which the government is invested in, they are setting a dangerous legal precedent. If this goes through, the precedent is set to regulate pay at any company which is not privately owned i.e. a business that has publicly traded stock. That is a very scary concept and one that the news media is ignoring for some reason.
I wonder just how many people know that when a company that is in financial trouble and owes a bank a lot of money that one of the very first things these banks do is limit in a severe way how much people in management can be paid.
The government is just trying to do what banks have been doing forever in the exact same situation.
If the government wants to get it's money back, it has allow the companies to pay the kind of salaries that will attract people that know how to make money. Government sanctioned salary limits are nothing more than a Communist experiment. This is populism at it's ugliest.
Think about it this way. Do you want the government telling you what you can make? By regulating the pay of these companies, which the government is invested in, they are setting a dangerous legal precedent. If this goes through, the precedent is set to regulate pay at any company which is not privately owned i.e. a business that has publicly traded stock. That is a very scary concept and one that the news media is ignoring for some reason.
I wonder just how many people know that when a company that is in financial trouble and owes a bank a lot of money that one of the very first things these banks do is limit in a severe way how much people in management can be paid.
The government is just trying to do what banks have been doing forever in the exact same situation.
NO! They should have been allowed to fail in the first place.
Moot point. Never should have happened in the first place.