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October 26, 2012
Obama Reveals Next Goal: Control Executive Pay & Change How People Get Compensated
Obama Reveals Next Goal: Control Executive Pay & Change How People Get Compensated
n an interview yesterday with Rolling Stone Barack Obama reveals that his next goal is to change incentives on Wall Street and how people get compensated.
Yahoo reported:
President Barack Obama said in an interview released on Thursday that the next important step for making the financial sector safer is to make sure executive pay is less closely tied to risky bets.
In an interview to be published on Friday in Rolling Stone magazine, Obama said that despite passage of Dodd-Frank financial reform legislation, there is more to be done to make financial markets safe after the damage caused by the crisis of 2007-2009.
“The single biggest thing that I would like to see is changing incentives on Wall Street and how people get compensated,” Obama said. It’s questionable, even after enactment of Dodd-Frank reforms, that those incentives have completely been changed, he added.
The Rolling Stone interview stirred controversy because of the president’s use, at one point, of a barnyard epithet that some saw as an attack on Republican Mitt Romney.
Wild Thing's comment................
Obama is going to now lay his heavy government hand (illegally) on private citizens.All this from the jerk who can't even supply adequate security at an Embassy then lies for weeks about it.
Posted by Wild Thing at October 26, 2012 10:50 AM
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Comments
Not a surprise. obama is pretty damn open about his plans to make America a Marxist socialist state. Probably overseen by one man rule(dictatorship wit obama being that one man). Followed eventually by elevating sharia law to the same level as our present rule of law.
Posted by: TomR, armed in Texas at October 26, 2012 12:54 PM
