GETPLANING
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Wed Oct-21-09 02:48 PM
Response to Original message |
| 8. And boy,,, are they pissed |
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News just hit the wire that the Obama administration plans to order that the top earners at firms which received billions of dollars in government bailouts will see their cash payouts cut by an average of about 90 percent from last year. I watched the tape turn red as the trading floors were given their orders from the top. The masters of the universe are registering their displeasure, that’s for sure. Go to Yahoo! Finance and look at today’s chart for the S&P. It’s still plunging as I type.
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| -U.S. to Order Steep Pay Cuts at Firms That Got Most Aid |
Pirate Smile |
Oct-21-09 02:02 PM |
#0 |
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Good on 'em! |
Captain Hilts |
Oct-21-09 02:03 PM |
#1 |
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You know what's sad about this? |
AndyA |
Oct-21-09 02:07 PM |
#2 |
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That's not salary |
safeinOhio |
Oct-21-09 02:33 PM |
#5 |
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Can he do that? |
whosinpower |
Oct-21-09 02:20 PM |
#3 |
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I really doubt it will get done. |
girl gone mad |
Oct-21-09 02:43 PM |
#7 |
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$200,000... |
Oldtimeralso |
Oct-21-09 02:33 PM |
#4 |
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I'm an investor -- hell, I'm an OWNER -- and I approve this cost-saving measure. . . |
Journeyman |
Oct-21-09 02:43 PM |
#6 |
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And boy,,, are they pissed |
GETPLANING |
Oct-21-09 02:48 PM |
#8 |
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The timing was pretty impressive actually with the move down |
Lucky Luciano |
Oct-21-09 09:58 PM |
#34 |
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Not nearly enough. FIRE them. |
debbierlus |
Oct-21-09 02:54 PM |
#9 |
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That's nice. |
Hell Hath No Fury |
Oct-21-09 03:04 PM |
#10 |
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Wall Street responds by sinking the DOW |
Thrill |
Oct-21-09 03:12 PM |
#11 |
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Only so many times they can play that game |
closeupready |
Oct-21-09 04:02 PM |
#14 |
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This was announced on CNBC |
boomerbust |
Oct-21-09 03:46 PM |
#12 |
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This is good, but it doesn't go far enough, IMO. |
closeupready |
Oct-21-09 04:00 PM |
#13 |
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U.S. to Order Steep Pay (90%) Cuts at Firms That Got Most Aid |
kpete |
Oct-21-09 07:50 PM |
#15 |
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Is that the top 25 execs in EACH company, or a total of 25 at the seven? |
Tansy_Gold |
Oct-21-09 07:50 PM |
#16 |
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Not setting maximum salaries, but setting rati betwen the lowest and highest pay employees |
MindandSoul |
Oct-21-09 07:51 PM |
#24 |
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Cash Payouts, not stock options or deferred compensation ... |
Myrina |
Oct-21-09 07:50 PM |
#17 |
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Uhh, No |
Beetwasher |
Oct-21-09 07:50 PM |
#18 |
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Total compensation will drop by 50%, not 90% ... |
Myrina |
Oct-21-09 07:51 PM |
#23 |
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Nope. Paying them in stock which they are restricted from selling for several years... |
laughingliberal |
Oct-21-09 07:51 PM |
#19 |
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Only the top TARP recipients? |
girl gone mad |
Oct-21-09 07:51 PM |
#20 |
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I thought it was $13t last week... |
Lucky Luciano |
Oct-21-09 07:51 PM |
#21 |
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$23.7 Trillion in handouts and backstops. |
girl gone mad |
Oct-21-09 07:51 PM |
#22 |
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"and backstops" |
high density |
Oct-21-09 07:51 PM |
#25 |
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It's really not that complicated. |
girl gone mad |
Oct-21-09 08:16 PM |
#27 |
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Agreed that backstops are money...just not dollar for dollar. |
Lucky Luciano |
Oct-21-09 10:11 PM |
#35 |
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K&R, this is good news. Is it a case of "guvmunt meddling in private business"? |
Zenlitened |
Oct-21-09 07:51 PM |
#26 |
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Administration Plans Big Pay Cuts at Bailout Firms |
David Zephyr |
Oct-21-09 08:24 PM |
#28 |
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*BAM*!! |
CatWoman |
Oct-21-09 08:24 PM |
#29 |
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Double Bam! |
David Zephyr |
Oct-21-09 08:24 PM |
#30 |
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David |
CatWoman |
Oct-21-09 08:25 PM |
#31 |
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What a day, CatWoman. |
David Zephyr |
Oct-21-09 08:54 PM |
#32 |
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This is a good start. |
Vidar |
Oct-21-09 09:08 PM |
#33 |
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Long Overdue. |
tmyers09 |
Oct-22-09 06:23 AM |
#36 |
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