Why did Obama appoint a "compensation czar"?

[brentspeak]

He needs to create a brand-new post to negotiate bonuses with crooks who should, in any sane world, be tossed out on their ears? What part of 'no!' is hard to understand?

http://www.washingtonpost.com/wp-dyn/content/article/2009/07/11/AR2009071100419.html">Oh, no! If AIG executives don't get their bonuses, they might quit!

Could you imagine, say, Truman's response to some slimeball AIG exec demanding millions of taxpayer dollars?

[Kdillard]

1. To piss you off yet again.

[Jennicut]

2. LOL.

Billo hates all the Czars as well. Maybe they need to get together.

[boppers]

3. Does this happen often? eom

[Uzybone]

11. Excellent

LOL

[ProSense]

4. "A public furor erupted earlier this year when AIG paid about $165 million in retention bonuses..."

Yeah everyone, including the media, was attacking the Dems for trying to get the money back and pass legislation prohibiting them from paying bonuses.

Well, they got their wish.

[Kdillard]

5. Exactly and I bet that won't be mentioned.

[Occam Bandage]

6. Most AIG divisions were profitable,

and many valuable employees are paid largely in performance-based compensation--that is to say, bonuses. To declare that a statistician whose intelligent, committed work made the company $20 million oughtn't get paid because an exec in a different department bought himself a new boat is a bit silly. In order to determine the difference between fair compensation for work and pork for slimeballs, Obama appointed a czar.

You're probably the only person on DU who could complain about that.

[Tarheel_Dem]

8. ^^^What you said^^^ (nt)

[AllentownJake]

12. Bank Holding Companies

GLB undid what FDR and his Cabinet fixed 70 years ago.

[scheming daemons]

7. To give you another bogus non-issue to attempt to bash him over

[billyoc]

9. People were complaining about executive compensation, so he appointed a czar to mollify them.

Just because it didn't work on you doesn't mean it didn't work. :hi:

[Name removed]

10. Deleted message

Message removed by moderator. Click here to review the message board rules.

[DevonRex]

13. To make your head asplode.