Comments on: Robert Reich On How To Fix Socialized Capitalism

By: PatHMV

PatHMV — Thu, 24 Jul 2008 21:26:58 +0000

I’d prefer that the government just not provide these subsidized guarantees to begin with.

Moreover, limiting the pay just means that the most important (and therefore expensive) decisions will be made not by the capped-salary CEOs but by outside “consultants” hired on a contractual basis to provide advice and management services.

Never underestimate the ability of greedy people to suck at the government tit. The only real way to stop it is to get the government out of a business like this to begin with.

By: ExiledIndependent

ExiledIndependent — Thu, 24 Jul 2008 20:34:30 +0000

Agree with kranky–the government shouldn’t gain anything by this, the people should. And I love the idea of executive compensation, especially in these quasi-government organizations, to be tied to performance.

By: mike mcEachran

mike mcEachran — Thu, 24 Jul 2008 16:51:42 +0000

Why the hell the executives taking the loss first, then the taxpayers?

By: kranky kritter

kranky kritter — Thu, 24 Jul 2008 13:40:07 +0000

Yeah, give out those stocks in a taxpayer lottery!

By: Phillip Mabry

Phillip Mabry — Thu, 24 Jul 2008 08:43:06 +0000

I think if we simply let them fail, they would have greater incentive to produce. Moreover, we should send a message to big business that says, “Make your money, fine. But don’t think we’ll bail you out.” No one stepped in to help all those who lost their savings in Enron or WorldCom, all those middle class americans we’re left out to dry. We didn’t offer them a bail out option to save face and make big bucks. So, we shouldn’t let big business push us around with their carrot on a string.

By: Tully

Tully — Thu, 24 Jul 2008 06:49:07 +0000

I like it, though I mistrust the government to own stock. It should be distributed to the populace. Leaving it in the hands of government is just giving more booze to a drunk.

Throw in indictments for some of those previous over-paid CEO’s who created the mess and I’m with you.