View Full Version : Makes sense......reward failure.
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Bank of America gave its CEO a pay package worth $7.5 million last year, six times as large as the year before. It happened while the company’s stock lost more than half its value and the bank lost its claim as the biggest in the country.
The package for CEO Brian Moynihan included a salary of $950,000, a $6.1 million stock award and about $420,000 worth of use of company aircraft and tax and financial advice. </div></div>
I think this guy got what he deserved. Not like those low life teachers who are getting paid too much for failure.
03-31-2012, 11:14 AM
And yet you support Obama rewarding failure by giving tax dollars to failing companies like Solendra???????????
Wake up, man!!!!!!
Don't blame the parrot because it learned to speak gibberish from it's master.
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The Republicans backed the California solar company too.
Lobbyists with <u>tight GOP connections</u> helped the clean technology start-up company<u> headed by a registered Republican</u>. Arnold Schwarzenegger, California’s former GOP governor, was there for pivotal moments as Solyndra was born. <span style='font-size: 20pt'>And Solyndra got its federal footing thanks to a program in the 2005 energy law signed by President George W. Bush and passed by a Congress controlled entirely by Republicans.</span>
Read more: http://www.politico.com/news/stories/0911/63484.html#ixzz1qmsBORqV
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The Energy Department’s loan-guarantee program, enacted in 2005 with bipartisan support, has backed nearly $38 billion in loans for 40 projects around the country. Solyndra represents just 1.3 percent of that portfolio — and, as yet, it’s the only loan that has soured. Other solar beneficiaries, such as SunPower and First Solar, are still going strong. Meanwhile, just a small fraction of loan guarantees go toward solar. The program’s biggest bet to date is an $8.33 billion loan guarantee for a nuclear plant down in Georgia. Improper political influence in the process is disturbing, but, at least so far, Solyndra appears an exception, not a rule. (That said, the GAO and others have pointed out potential pitfalls and the need for stricter oversight in the loan program.) </div></div>
So, no big deal.
You are not against this? Does this not fly in the face of capitalism?
What we have always heard from Wall St is that the top people are worth the money. You pay them well because they make you more money.
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> For those keeping score, Bank of America’s stock dropped 58 percent in 2011 and the bank surrendered its title as the nation’s largest to JP Morgan Chase. A good chunk of the stock award was actually given to Moynihan for the bank’s 2010 performance, <u>when it lost money. </u>
BofA has also been tied up in the foreclosure fraud scandal, and just a few months ago paid $335 million to settle charges that its subsidiary discriminated against minorities in its lending. If this is how much Moynihan gets after that sort of year, what will he receive if the bank actually has a good one?</div></div>
Meanwhile, as production has risen, workers pay has decreased.
This is your 'trickle down' policy in action.
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Americans put in an average of 122 more hours per year than Brits and 378 hours more than Germans.
Almost everyone—except U.S. workers—have a right to weekends off, paid vacation time and paid maternity leave. </div></div>
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">How Germany Builds Twice as Many Cars as the U.S. While Paying Its Workers Twice as Much
In 2010, Germany produced more than 5.5 million automobiles; the U.S produced 2.7 million. At the same time, the average auto worker in Germany made $67.14 per hour in salary in benefits; the average one in the U.S. made $33.77 per hour. Yet Germany’s big three car companies—BMW, Daimler (Mercedes-Benz), and Volkswagen—are very profitable. </div></div> link (http://www.forbes.com/sites/frederickallen/2011/12/21/germany-builds-twice-as-many-cars-as-the-u-s-while-paying-its-auto-workers-twice-as-much/)
Which means they have more to spend thus stimulating the economy!
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