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Termyn8or -> RE: FINALLY! The CEO TAKES CHARGE! (10/22/2009 8:39:01 AM)
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While I agree Merc, this all may boil down to windows dressing. Besides how they decide to enforce it, it also remains to be seen how people will find ways to cheat. Actually that might be a positive effect, maybe some of these nice vacation spots, and who knows like boat and all that, would remain company property. That would be my first step. New law, costs me money, call my multicultural team of lawyers and figure out ways to beat this. That would be a first step. Next would be actually shielding the income through the use of other shell corporations or subsidiaries. The fast way would be for the company to buy certain things for use by their executives, ownership does not transfer, therefore it is not compensation, unles you want to figure in a little rent, which can be set pretty low of course.
If the government has actually bought into these companies, and can act as a CEO, this brings up another thought. If I were a CEO I would expect a good paycheck, and unlike some I would let a good part of it be based on the performance of the company. If the government assumes this role, it is entitled to pay. Since they used our money to do it. So the gov should be raking off profits like an old mafia movie scene. When they make money, you can have maybe 35% of it in taxes, or you can just take 65%. This money would go directly to pay back the bailout. This money would go exactly from where it came. In other words, they printed it, well unprint it. Remove those amounts from circulation, which should have an effect on inflation.
But then as CEO I still would've fired them all. And I would not work for a dollar a year because someone else ran the company into the ground (Iaccoca & Chrysler). So basically demand that money and put it back where it cam from, that woulod be my solution. This would not solve the whole mess, but is a step in the right direction. If you gave them a billion, all you need back is a thousand million. Interest would be nice, but if it is taken this way, maybe just take what you can get.
Thursday morning ramble over. But it's an idea. If I buy enough stock in a company that I can get myself in the big chair, I expect some money. Why not them ?
T
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