OpenGov - Open Government Brainstorm

I think somebody should cap the president...uh...er...his pay...I think.

lol

Big, I think someone should cap the President's pay as well. I understand last year he made four million. I'm fascinated how rich these guys get never working a day outside the government.

I believe his income mostly derives from his two books. The books that many experts believe where ghost written.

I am fascinated how anyone can write TWO autobiographies before achieving anything!

I am still wondering how that idiot got elected when he has done nothing to be qualified for anything...I would bet we would laugh our ass of if we could see his college transcrips. I have heard that at the time he was in college the no fail rule for minorities was in effect. Who knows?

I agree and those movie stars and producers in Hollywood need to have a cap on their salaries also, but you won't see that because they are so leftist in the tank for Obama that he will never take away money from his political cronies, only the "bad" people who stole the money that is rightfully for the poor people.

Might as well add athletes and publishers to the list.

He cant cap anyones salary unless they take tax money. He can say CEO's have to keep their salary under this amount or no money. Obviously Union leaders etc aren't taking loans or investment from the gov't so he has no say with them. This has nothing to do with socialism and everything to do with an agreement between two parties. If you do this you can borrow that. Banks do it all the time and never get accused of socialism.

If the government is bailing these companies out, essentially OWNING them, he can do any damn thing he pleases.

If it was me, I'd fire the lot of them and bring in competent people. Capping their salaries is the nicest thing he could do.

We all know how good of a job they have done running the government too...keep supporting socialism black...you wear it well. pathetic.

The executives effected by this draconian measure will leave and get hired by other institutions (I hear UAE calling).

The president's salary is $400,000; about the equivalent of what other presidents have received in dollars of the day. I'm not sure what expensed are covered (other than, or course, health insurance ;) ), so comparing compensation packages is difficult without further research.

CEOs of large public corporations, from the annual reports I have read, seem to have salaries in the high six figures; stock options, grants, bonuses, etc., bring the whole packages to between $1,000,000 and $25,000,000; some higher (sometimes including an amount to compensate for income-tax effect of compensation [wish we could all get that; I don't think even the president does).

Capping salaries will just let the creative accounts find other ways of compensating greedy CEOs. Warren Buffett gets a reasonable $100,000; no bonuses and few if any other expensive perks; 80 or 90% of his personal wealth is in Berkshire-Hathaway stock (not from compensation options or grants), so he has a complete incentive to do the best he can for his corporation. Would that all CEOs were so.