Comments on: Executive order #6: Opening the gates of hell http://www.todaysfinancialnews.com/politics/executive-order-6-opening-the-gates-of-hell-7573.html Today's Financial News offers an independent and very practical perspective on the U.S. and global investment markets. We filter out exactly what financial news is worth paying attention to... and what it means for your money and portfolio Tue, 26 Jan 2010 12:08:21 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Bill http://www.todaysfinancialnews.com/politics/executive-order-6-opening-the-gates-of-hell-7573.html#comment-2658 Bill Sat, 07 Feb 2009 02:19:24 +0000 http://www.todaysfinancialnews.com/?p=7573#comment-2658 I understand that #500,000 limit for top Exc.'s is for those firms that request taxpayer bailout funds. Is this not correct? I understand that #500,000 limit for top Exc.’s is for those firms that request taxpayer bailout funds. Is this not correct?

]]> By: Dan http://www.todaysfinancialnews.com/politics/executive-order-6-opening-the-gates-of-hell-7573.html#comment-2653 Dan Thu, 05 Feb 2009 18:12:24 +0000 http://www.todaysfinancialnews.com/?p=7573#comment-2653 In the end, many executives have their pay in restricted stock and will simply take more stock to get their compensation. Civil war comparisons may be a bit hyperbolic here. But, a good comparable would be the restrictions during WWII and the resulting rise of pensions and employer-linked health care benefits. We've come to depend on these benefits but they've weakened out companies and our healthcare system. Wage and salary restrictions have tons of unintended consequences stemming from the fact that you can't control fringe benefits. One would hope President Obama and his administration understand this. In the end, many executives have their pay in restricted stock and will simply take more stock to get their compensation. Civil war comparisons may be a bit hyperbolic here. But, a good comparable would be the restrictions during WWII and the resulting rise of pensions and employer-linked health care benefits. We’ve come to depend on these benefits but they’ve weakened out companies and our healthcare system. Wage and salary restrictions have tons of unintended consequences stemming from the fact that you can’t control fringe benefits. One would hope President Obama and his administration understand this.

]]> By: Myron Martin http://www.todaysfinancialnews.com/politics/executive-order-6-opening-the-gates-of-hell-7573.html#comment-2647 Myron Martin Wed, 04 Feb 2009 23:07:21 +0000 http://www.todaysfinancialnews.com/?p=7573#comment-2647 This is a double edged sword! While I agree with you in principle that government should not dictate earnings, the other side of the coin is that there has already beeb egregious ABUSE of funds advanced by the government! Since I DISAGREE with the government in effect bailing out mismanaged and essentially bankrupt companies, it is REFRESHING to see a President be so forthright as to LIMIT executive pay IF they are receiving government (taxpayer) assistance. While I would much prefer to see the new President ADMIT that our present fractional reserve fiat currency system is the MOTHER of all Ponzi schemes and propose changes to restore HONEST MONEY, in the absence of such an initiative and playing by the present realities I think his stance is REASONABLE in the circumstances. What I DO BELIEVE is that numerous executives of major companies and including those in charge of the bailout plan have acted with favouritism and may be guilty of outright fraud, certainly the foxes have been put in charge of the hen house, and the outrageous acts we alredy know about are only the TIP of a huge iceberg that may yet sink the American economic ship! This is a double edged sword!

While I agree with you in principle that government should not dictate earnings, the other side of the coin is that there has already beeb egregious ABUSE of funds advanced by the government! Since I DISAGREE with the government in effect bailing out mismanaged and essentially bankrupt companies, it is REFRESHING to see a President be so forthright as to LIMIT executive pay IF they are receiving government (taxpayer) assistance.

While I would much prefer to see the new President ADMIT that our present fractional reserve fiat currency system is the MOTHER of all Ponzi schemes and propose changes to restore HONEST MONEY, in the absence of such an initiative and playing by the present realities I think his stance is REASONABLE in the circumstances.

What I DO BELIEVE is that numerous executives of major companies and including those in charge of the bailout plan have acted with favouritism and may be guilty of outright fraud, certainly the foxes have been put in charge of the hen house, and the outrageous acts we alredy know about are only the TIP of a huge iceberg that may yet sink the American economic ship!

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