great move

Per the article > Executives would also be prohibited from receiving any bonuses above their base pay, except for normal stock dividends.

Not as knowledgeable? There still are people as talented if not more so who will take on those jobs for motives other than money.

Here's the deal: If those execs don't want to stay, there's the door, go. Nobody is going to take them in. Who wants executives whose resumes include driving their respective companies into the ground?

It only applies to those businesses that accept government money. If they don't accept the money they can pay whatever they want.

Also, it's not retroactive.

Exactly. These companies are saying that they won't be able to keep their brain power at the top with these restrictions. These would be the same brains that drove these companies into the ground so deep that they needed hundreds of billions of dollars to bail them out. Let them go. And I hope they never get another job that doesn't require them asking if you want fries with that.

I'm fine with this. If you're accepting govt. money there should be a cap.

Good move. Germans do that as well......
though.....
It doesnt stop companies not involved in a rescue program from giving those huge salaries.
So you can still press the shit out of a company until it needs money from the staate.

Nor should it. The cap is in place because the company has entered into a special relationship with tax payers and the government.

Hope it applies to any future money paid out as not sure if all past companies got their money.

Well, finally -- the GOP has a cause they can fight for! You hvae to protect those poor multi-millionaires and their bonuses!

http://www.huffingtonpost.com/2009/02/0 ... 64544.html

Seriously, is this a winning strategy? If they're trying to appeal to the average voter, how in the world will this help?

They are the party of the rich, the white, and the Christian. Period.

Yes, and stupidly, they just keep on supporting these people and alienating everyone else.

Maybe I'm just too cynical, but sometimes you need to do what is going to get you the votes so long as it doesn't violate really deep rooted moral principles.

For instance, I would love to get rid of "In God We Trust" from our coins and remove all references to religion from our laws. I think it's the right thing to do and consistent with the principles of the founding of our country. But if I were a politician, that would be the last thing I would be fighting for, because I know how unpopular that would be, and there are more important issues to be fighting for. Why waste my time fighting for something that will only lose me votes in the long run, and thus keep me from doing good in other important areas?

The GOP may, in its heart, feel just as strongly about this pay thing, but politically, is this the right fight to take on right now? Aren't there more important things to fight over that can even gain you support where you need it?

Man! They haven't learned a thing from the beating they got in the last two elections, have they?