Thursday, 5 February 2009

Still liking him!

Obama is introducing an executive pay cap at US firms which have been bailed-out by the government.

6 comments:

Martin said...

Since it's public money, this I can get along with.

Although when it's private money, I honestly don't care how damn rich these CEOs and what have you get get, just as long as they earn it honestly.

Guthrum said...

Hurrah-Lets all work for the State ! No more production targets, lots of expenses, no more sales targets etc

Better plan would have been to let the banks go to the wall, then no bonuses at all, then restructure out of the wreckage, rather than pour billions down the drain.

Kerry said...

But if the banks go to the wall, then the companies who rely on them for finance go to the wall, and the workers who work for the banks and those companies go to the wall, and the shops/ firms from where those workers buy goods and services go the wall and the public sector has to pick up the tab for unemployment, etc, etc....

Northern Lights said...

Not to mention the fact that if the banks went bust then a lot of people would lose their savings - which would then fall on the state.

Or is this line of thinking just too complicated?

Guthrum said...

The Banks are still bust, despite large injections of OUR cash as they have no concept of their liabilities in the case of RBS, you may not have noticed that they are also not lending to UK business, hence all our skilled workers and those with drive are leaving the country.

You cannot have capitalism without bankruptcy, it is what separates the efficient from the inefficient, but if you do not believe in capitalism that does not matter does it- Hurrah lets all work for the State ! Fifty three per cent do already where efficiency does not matter

Northern Lights said...

I like him even more now:

http://www.guardian.co.uk/politics/blog/2009/feb/05/blair-obama-first-friend