Showing posts with label clawback. Show all posts
Showing posts with label clawback. Show all posts

22 October 2009

Ken Feinberg is a freakin' idiot

In a game of inches, Ken Feinberg is kilometers from the stadium. It's Fourth and One, on a Power Play and he's got a no-hitter going! Someone tell the bowler not to get tangled up in the scrum!


Not only is the Pay Douche in the wrong place, he's playing the wrong damn game! Today he announced that he was going to "claw back" (find those words in the Constitution) millions of dollars in executive salaries and bonuses.

Oh, but he let a couple of guys keep theirs, so it's all okay, right?

Now, no doubt that with some of these companies, the zitiots in charge shouldn't be earning minimum wage, let alone millions of dollars, but that's a decision for the companies' owners, not some over-priced government bureaucrat with delusions of intelligence. What makes him think that taking back 90% of people's salaries is going to solve anything? What does it prove to anyone, except that if you're top talent, you don't go work for a company that the government says is "too big to fail?"

If this sand-flea-brained minor bureaucrat can find put together the idea that he can steal the earnings of a few hundred wall street bankers just because it's the politically correct thing to do, what's to stop the few remaining people in D.C. with half a brain-wave still active from figuring they can do it to the rest of us?

With the Democrats in Congress and The Anointed One in the White House, I'd venture to say "very little."

Somebody please tell me this asshole doesn't really think he can do this.

Please?

Read more...





Why pick on Progressives?

Progressives are neo-barbarian, luddite fools who want to replace all scientific progress with their failed, pseudo-scientific, utopian fairy tale and take us back to the paleolithic period. In other words they are douchebags.

Q: Do you have a problem with Progressive Insurance?

We don't have a problem with their insurance product. But the company is also a major giver of money to politically progressive causes, and because of that the owners and managers are total douchebags.

Tweet me like you love it

    follow me on Twitter

      © Blogger template The Business Templates by Ourblogtemplates.com 2008

    Back to TOP