2009-04-01 — washingtonexaminer.com
" The new legislation, the "Pay for Performance Act of 2009," would impose government controls on the pay of all employees -- not just top executives -- of companies that have received a capital investment from the U.S. government. It would, like the tax measure, be retroactive, changing the terms of compensation agreements already in place. And it would give Treasury Secretary Timothy Geithner extraordinary power to determine the pay of thousands of employees of American companies."
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ILOVEFHA at 07:25 2009-04-02 said:
There are so many things wrong with this. Where to start. The obvious - another round of foreclosures since these people will not be able to make their payment after their income is reduced. How about a mass exit of top quality employees looking for work at companies that are not regulated. Here is one. Reduction in Federal Income due too lower wages. This is just not even thought out. How in anyway shape or form does this come close to helping the current situation. If it was limited to positions that are truly over paid, it might for a milli second make sense. But then all you can think is Socialism. DID OUR FLAG BECOME BLOOD RED WITH A GOLD LOGO ON IT AND I JUST MISSED THE TRANSFORMATION? Where does this end? Would there be some violation of the Constitution if this where to happen. Government setting pay?? Permalinkrallan at 10:05 2009-04-02 said:
This bill sounds totally reasonable. These companies would not be in business if not for tax payer money. The US government is now the new owner of these companies. What new owner wouldn not want control over the business? The management of these companies is largely in question. It would only make sense that a major business expense would be under review and subject to change. Get real! Permalinkadd a comment | go to forum thread
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