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Krem
Cream of the Crop
Joined: Wed Nov 29, 2006 8:04 pm
Posts: 2035
Location: Citizens Bank Park
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 Re: Do You Think Obama Should Forgo His 400K+ Salary? Box wrote: He should be given the entire $18B in bonuses those idiots got. $400k is ridiculously low for the amount of work he's doing. I'm sorry, which idiots are you talking about? The ones controlling your money? Thought so.
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| Thu Feb 05, 2009 11:48 pm |
  
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Krem
Cream of the Crop
Joined: Wed Nov 29, 2006 8:04 pm
Posts: 2035
Location: Citizens Bank Park
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Re: Do You Think Obama Should Forgo His 400K+ Salary? Beeblebrox wrote: Alex Y. wrote: He should have capped the bailout executives to also be $400k instead of $500k, so that they don't make more than the president. A Congresswoman, I forget which one, is the one who made that proposal initially, saying that these guys who take the bailout shouldn't make more than the President. Obama went with it. Not sure why he made it $500K instead of $400K, but the point is still the same I suppose. I think most CEO's would agree to THAT deal. http://dealbreaker.com/2009/01/no-more- ... p#comments
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| Thu Feb 05, 2009 11:50 pm |
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Beeblebrox
All Star Poster
Joined: Wed Dec 01, 2004 9:40 pm
Posts: 4679
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Re: Do You Think Obama Should Forgo His 400K+ Salary? Krem wrote: Beeblebrox wrote: Alex Y. wrote: He should have capped the bailout executives to also be $400k instead of $500k, so that they don't make more than the president. A Congresswoman, I forget which one, is the one who made that proposal initially, saying that these guys who take the bailout shouldn't make more than the President. Obama went with it. Not sure why he made it $500K instead of $400K, but the point is still the same I suppose. I think most CEO's would agree to THAT deal. http://dealbreaker.com/2009/01/no-more- ... p#commentsAh yes, just like that insanely stupid ABC piece that complained about the President's "lavish lifestyle" with private planes and a huge mansion, referring to Air Force One and The White House. And personal bodyguards? You mean the Secret Service? The desperation and mendacity of these Wall Street scumbags knows no bounds.
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| Fri Feb 06, 2009 1:36 am |
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Krem
Cream of the Crop
Joined: Wed Nov 29, 2006 8:04 pm
Posts: 2035
Location: Citizens Bank Park
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Re: Do You Think Obama Should Forgo His 400K+ Salary? Beeblebrox wrote: Krem wrote: Beeblebrox wrote: Alex Y. wrote: He should have capped the bailout executives to also be $400k instead of $500k, so that they don't make more than the president. A Congresswoman, I forget which one, is the one who made that proposal initially, saying that these guys who take the bailout shouldn't make more than the President. Obama went with it. Not sure why he made it $500K instead of $400K, but the point is still the same I suppose. I think most CEO's would agree to THAT deal. http://dealbreaker.com/2009/01/no-more- ... p#commentsAh yes, just like that insanely stupid ABC piece that complained about the President's "lavish lifestyle" with private planes and a huge mansion, referring to Air Force One and The White House. And personal bodyguards? You mean the Secret Service? The desperation and mendacity of these Wall Street scumbags knows no bounds. Excuse me? I'm a Wall Street scumbag? That's rich!! The point is that the accusations from Congress are just as stupid. They keep talking about 18 billion dollars worth of bonuses. They don't say how many people received them, how much of that was in stock options (which are now worthless), how much of it was deferred, etc.
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| Fri Feb 06, 2009 9:55 am |
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Beeblebrox
All Star Poster
Joined: Wed Dec 01, 2004 9:40 pm
Posts: 4679
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Re: Do You Think Obama Should Forgo His 400K+ Salary? Krem wrote: The desperation and mendacity of these Wall Street scumbags knows no bounds. Excuse me? I'm a Wall Street scumbag? That's rich!![/quote] I was referring to the author of that ridiculous piece you posted. Quote: The point is that the accusations from Congress are just as stupid. The point was that somehow Obama/Congress are hypocrites for wanting to limit CEO pay when he enjoys apparently tens of millions of dollars in tax free compensation. To call it an absurd comparison between private jets and Air Force One or security guards and the Secret Service would be a gross understatement.
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| Fri Feb 06, 2009 3:55 pm |
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Krem
Cream of the Crop
Joined: Wed Nov 29, 2006 8:04 pm
Posts: 2035
Location: Citizens Bank Park
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Re: Do You Think Obama Should Forgo His 400K+ Salary? Beeblebrox wrote:
I was referring to the author of that ridiculous piece you posted.
And, by extension, to me, since I was the one that posted it.  Beeblebrox wrote: The point was that somehow Obama/Congress are hypocrites for wanting to limit CEO pay when he enjoys apparently tens of millions of dollars in tax free compensation.
To call it an absurd comparison between private jets and Air Force One or security guards and the Secret Service would be a gross understatement. Is Obama above criticism when it comes to executive compensation?
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| Fri Feb 06, 2009 4:00 pm |
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Beeblebrox
All Star Poster
Joined: Wed Dec 01, 2004 9:40 pm
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Re: Do You Think Obama Should Forgo His 400K+ Salary? Krem wrote: Is Obama above criticism when it comes to executive compensation? Oh give me a break. Is he above a warranted and relevant criticism? No. The problem with this absurd comparison is that the Secret Service and Air Force One are not part of the president's personal compensation. They aren't "perks" or luxuries. And if you really want to go down that road, compare the tens of millions of dollars in CEO compensation and the size of that company budget with the president's compensation with the size of the budget he presides over and see if they're still proportional.
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| Fri Feb 06, 2009 4:09 pm |
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nghtvsn
Extraordinary
Joined: Fri Mar 11, 2005 7:13 pm
Posts: 11016
Location: Warren Theatre Oklahoma
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Re: Do You Think Obama Should Forgo His 400K+ Salary? No, he shouldn't. Unless he personally wants to, but a person should get paid regardless of how much they have stowed away in the bank. That's the purpose of a salary. Who knows what could happen. All his paper investments could be worthless tomorrow or the banks holding his cash could fold. Then what? He ask for a hand out?
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| Sat Feb 07, 2009 3:21 am |
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