monday1929

Why Capping Pay Is Likely to Work

Because they will game, cheat and steal to hit whatever metric is established.


On Feb 04 01:36 PM SA Editor Jonathan Liss wrote:

> Why put a cap on pay? Why not set up a system of incentives instead?
> The better these guys do turning around their brokedown companies,
> the more they earn. If they continue to screw up, I don't see why
> they deserve even 500k.
>
> Bottom line: why not institute a performance-based system instead
> of capping pay at some arbitrary number?

The Bailouts Are Doomed - All of Them

We must try these traitors for treason and hang them. The Boomers may have to become the truly "Greatest Generation" and take action against a Government that is clearly Criminal and the Terrorist CEO's who looted Trillions from the Economy.. But that is asking a lot from a population that keeps voting these criminals into office.
Fantastic article. I will print and distribute it.

GMAC Bailout Flaws: No Appreciation of History

I think we are far more sophisticated now than we were 3 days ago. Although the same crooks are running things, I believe the lessons of the past 2 hours have made them see the light and they will all work for the betterment of their fellow citizens.
The lessons of the past 10 seconds have chastened us. In the last nano-second, surely even the SEC and Madoff have come to their senses. All should be forgiven, the Rich have felt badly for hours now.