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U.S. Plans $500,000 Cap on Executive Pay in Bailouts
- tjic 18y agoI certainly don't argue that the current CEOs of every firm receiving a bailout are doing a great job. ...but I love the message here: "Attention, world class CEOs who could earn 1,2, or 4 million dollars by working in the tech sector, or energy, or X or Y, or Z: you'd be a fool to come and try to salvage these firms. Instead, we'll find and recruit only the kind of management which is willing to take a fraction of what you're worth".
- baguasquirrel 18y agoIf you're in it for the money, then you shouldn't be in the game to begin with. My portfolio was down 10% last year. But I'm not panicking. I invest for fun. Other people I know who invest because they wanted to build their wealth lost assloads more than I did. They never really did like investing, and they don't want to hear me when I talk about economic projections. Sure, compensation is a good thing. And we should lift the restriction when this bailout crap is over. But I really think that the geek community-- with all its libertarians --places waaay too much emphasis on short term monetary compensation. Here's a better idea. In tech, we get stocks right? That vest over time? Lets give these exec stocks, that don't vest until 10 years AFTER they're out.