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POPSBank boss says 'we do God's work' Another example of religion being used to justify a position. I think it belittles religion and the religious. The misuse of religion gives an insight into the way they handle taking someone's last cents, before sending them to jail for not being rich. They would also believe that there is a special place in the afterlife for them and it is all good. They don't believe in suffering now to achieve glory in the next life (Mother Theresa and those types can have all of that - and a small donation - will suffice) The bonuses will be awarded to compensate workers for having to listen to people who seemed to have morals, over the last couple of years; and a reward for adjusting to honesty until the smoke cleared.
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POPSMark Steyn: Obama a Tough Guy, at Least With Fox News I don't know why he'd be surprised. When a man has spent his entire adult life in the "community organized" precincts of Chicago, it should hardly be news that much of his Rolodex is made up of either loons or thugs. So when Communications Commissar Mao Ze Dunn starts berating Fox News for not getting into the same Maosketeer costumes as the rest of the press corps, you begin to see why the Chairman might appeal to her as a favorite "political philosopher". So the troika of Dunn, Emanuel and Axelrod were dispatched to the Sunday talk shows to lay down the law. We all know the lines from "The Untouchables" " "the Chicago way," don't bring a knife to a gunfight " and, given the pay czar's instant contract-gutting of executive compensation and the demonization of the health insurers and much else, it's easy to look on the 44th president as an old-style Cook County operator: You wanna do business in this town, you gotta do it through me.
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POPSBMW to Cap Executive Pay - wundervoll! Now let me get this straight. GM, Ford, and Chrysler have all lost market share in the US and complain that worker wages and benefits made them uncompetitive. Germans assembly line workers average $60,000 a year and BMW sales have not plummeted as US car makers have. And now, BMW says they are capping executive pay by establishing the current ration of difference 25-1 as THE ratio. According to the Bureau of Labor Statistics, the average U.S. worker earned $29,544. The ratio of CEO pay to average pay is 364:1 and to minimum wage is 885:1. So... Why is it that US car companies have trouble competing?
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POPSSaudi Arabia Wants Compensation if Global Warming Bill Passes Saudi Arabia, which sits atop the world's largest proven oil reserves, is seeing economic growth slide because of fallout from the global meltdown, but experts still expect the country, flush with cash from oil's earlier price spike last year, to be better able than other nations to cope with the current crisis. Al Sabban accused Western nations of pursuing an agenda against oil producers, under the guise of protecting the planet. “Despite the variability in the region, the current Arab position is mainly focused around protecting the oil trade rather than saving the planet form the adverse impacts of climate change,” said Wael Hmaidan, the executive director of IndyACT.
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POPS Pay Czar Targets Salary Cuts Mr. Feinberg is expected to issue by mid-October his determination on compensation packages for 175 of the most-highly compensated executives and employees at the seven firms he oversees. The move will further reshape pay at those firms and could complicate efforts by some of those seven companies to attract top executives and employees. The issue could be particularly acute for Bank of America, which is searching for a successor to Kenneth Lewis, who announced plans to resign as chief executive of the company last week. A Bank of America spokesman said the bank declined to comment on compensation issues regarding the chief executive. "We have been in close communication with Feinberg and our compensation going forward is very much in line with his guidance," the spokesman said. Pay Czar to Cut Staff's Cash Salaries Video WSJ video (1:47) http://online.wsj.com/article/SB125478783753066235.html#articleTabs%3Dvideo
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POPSU.S.bank CEO Pay Dwarfs Rest of World "The U.S. executive pay levels have always dwarfed pay for companies elsewhere in the world," said Sarah Anderson, a fellow with the Institute for Policy Studies, which is critical of Wall Street, and co-author of the recent study "America's Bailout Barons." "They have claimed it is impossible to recruit people without paying such compensation. Yet, if you look at the pay levels in Europe and in a lot of Asian countries, somehow they manage to find people who can run major global firms while making a fraction of what they make in the U.S.," she said. "These kinds of figures undercut the main argument by the U.S. financial industry lobby that they will lose top talent to competitors in Europe or Asia," Anderson said.
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POPSSay goodby to those capitalist profits The finger pointing is continues. Do we, as Americans, want a Capitalism or Communism? You cannot have freedom without profits. Look to the old soviet union to see if communism has ever worked!
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POPSJob In Islamabad Mustakbil.com is your best online source to find all types of jobs in Islamabad, Pakistan.
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POPSTop US CEO collected $842m in 2008 Investment Banking is where you can steal your way to the top legally. I hope this company wasn't a recipient of any "Bailout" from the U.S.Govt. What makes one human being worth so much?
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POPSBarney Frank Admits Overloaded the Schedule, Conyers Cant Read Bills = Aliinsky Rule # 8 - Overwhelm Its amazing what small things you pick up when you actually PAY ATTENTION to the Government as they cover up their tracks. Aside from the Obvious story re: the Transparency and Vision of the Federal Reserve, Cross reference this with another story that dovetails into this one. CHUCK TODD, W.H. Correspondant describes a principle Rahm Emmanual Learned about HOW TO PASS Bills in D.C. "Dont just deal with one big issue.. Any bill Can be killed if you give opposition time to unite and organize around it." ~ Chuck Todd, , political Dir. and chief White House correspondent for NBC News, on Rahm Emmanuel's learning experience from Clinton healthcare crash, and how he intends on fixing that mistake.
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POPSUnderstanding the Age of Obama 3. The Private Sector. Nationalizing much of the auto and financial industries, while regulating executive compensation, is an indication of our new government's repeatedly stated reluctance to interfere in the private sector. 4. Race and Gender. Not what is said but who says it and about whom reveals racism and sexism. For example, an Hispanic female judge isn't being offensive if she states that Latinas are inherently better judges than white males. 5. Random violence. Some assassinations represent larger American pathologies, but others do not. When a crazed lone gunman murders someone outside the Holocaust Museum or shoots an abortion doctor, we should worry about growing right-wing and Christian extremism. But when an African-American Muslim convert brags about his murder of a military recruitment officer or an Islamic group plots to kill Jews and blow up a military jet, these are largely isolated incidents without larger relevance.
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POPSUS government seeks to rein in executive pay "Sperling said in prepared testimony that the administration believes compensation practices "must be better aligned with long-term value and prudent risk management at all firms, and not just for the financial services industry."" You mean the type of "prudent risk management" that quadrupled the national debt in six months? I mean, really?
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POPSMBA in India Unitedworld School of Business helps in placing students at different organizations through three tier placement approach.
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POPSObama’s Auto Policy: All In The Democratic Family through the end of 2006 to lobby Congress, the White House, and the Department of Labor on a handful of bills regarding asbestos litigation and compensation. What was Quadrangle’s stake in asbestos legislation? Many hedge funds invested in ompanies damaged by asbestos lawsuits. These funds then lobbied for legislation that would alleviate some of the liability the companies faced, thus boosting companies’ stock value. Alternatively, a hedge fund could make the opposite play: Watch a vulnerable company’s stock rise as prospects improve for asbestos legislation, then short the company and lobby to kill the bill. So Rattner understands how public policy can create private profits. It should come as no surprise, then, that his auto plan involves upending bankruptcy law and precedent in favor of a system in which the winners and losers are chosen by politicians or their appointed “czars.”
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POPSgoldman posts profit and will raise 5 billion though they did not detail their reasons for wanting to return the TARP $ - but their cheif financial officer David A. Viniar mentioned it would be an easier thing to operate their business without the government money- and they would be under less scrutiny and pressure-
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POPSNew Motorola boss biggest earner with $146m deal If share prices rise, he gets paid. At least it is performance based; but how much of the company will he gamble to get this salary. I can't understand how a person can be so smart to earn that much money. "Einsteins" with different callings?
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POPSCalifornia To Ban TV: But Not For Good Reason (like there’s nothing decent to watch) Of course, television sets, just as with dishwashers and refrigerators, are getting more efficient all the time, a process that the free marker excels at on its own - at least it used to, before the age of AIG, bailouts, and executive compensation caps. But, rather than let nature and consumer choice take its course, the CEC must be seen as acting. For bureaucracies that don’t act are soon acted upon by politicians. Unsaid is the fact that, if anything decent were being produced for television, emissions would skyrocket. On this basis NBC should make out like a bandit with a carbon cap-and-trade program since their sole show in the prime-time top-20 Nielsen ratings is rated an energy-saving #20, translating weak viewership into an Earth-friendly virtue, and a few million tons of valuable carbon credits.
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POPSBack to the 80s? Smaller partnerships that specialize in trading bonds and other securities are rising from the ashes of the financial crisis, getting a boost from federal efforts to cap pay at the big Wall Street firms.
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POPSGlobal Post - For Profit Journalism From the New York Times: Passport subscribers, who pay as much as $199 a year, can suggest article ideas. “If you are a member, you have a voice at the editorial meeting,” although the site will decide which stories to pursue, said Charles Sennott, a GlobalPost founder and its executive editor. He said Passport is meant to “create a feeling of community” for subscribers who might otherwise see newsrooms as “impenetrable and fortresslike.” GlobalPost correspondents, who include the former Washington Post writer Caryle Murphy in Saudi Arabia and a Time magazine correspondent turned novelist, Matt Beynon Rees, in Jerusalem, are paid extra for Passport work. Their basic compensation is $1,000 a month for four articles, plus shares in the venture. The site had 500 applicants for the jobs, Mr. Sennott said.
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POPSObama to Limit Pay for Wall Street, NFL, NBA, MLB The proposal would exempt most Hollywood stars and popular recording artists, he said, “since much of their money is already returned to the people in the form of contributions to the Democrat party and its candidates.”
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POPSBonfire of the Trivialities ~ By Charles Krauthammer retroactive confiscatory tax. The common law is pretty clear about the impermissibility of ex post facto legislation and bills of attainder. They also happen to be specifically prohibited by the Constitution. Nor has the president behaved much better. He, too, has been out there trying to lead the mob. But it's a losing game. His own congressional Democrats will out-demagogue him and heap the blame on the hapless Timothy Geithner. It is time for the president to state the obvious: This recession is not caused by excessive executive compensation in government-controlled companies. The economy has been sinking because of a lack of credit, stemming from a general lack of confidence, stemming from the lack of a plan to detoxify the major lending institutions, mainly the banks, which, to paraphrase Willie Sutton, is where the money used to be. Obama has been strangely passive about this single greatest threat to the country.
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