If the administration puts caps on executive pay raises.. there will be a "Brain Drain"

[Peacetrain]

from the banks and other corporate entities.

This is what is in my newspaper today. That we will loose our best corporate minds and they will move away if there are limits on pay compensation.

These are the people whose decision making process got us into such a horrific mess.


Well excuse me, but if these are the best minds in corporate that we have, drain away.

[BrklynLiberal]

1. Could not agree more. Since the brains that are there got us into this mess, let them go.

[Rosa Luxemburg]

21. Yes let them go

[Whisp]

2. heheh, exactly. sounds so stupid doesn't it...

but but the overpaid losers might walk out! what shall we do then!?
:rofl:

[hobbit709]

3. Let it drain.

[BOSSHOG]

4. "Brain Drain" - "Death Panels"

Conservatives spend a lot of money coming up with short statements to scare the unwashed.

Tie executive compensation to a percent of profits. Big gains big "packages," piss poor gains then drain, drain, drain.

[hobbit709]

5. And if you get bailout money-you get nada for a bonus.

[BOSSHOG]

7. Is there a wacky irony here?

If someone needed a "bailout" from a government entity to stay afloat, why would the headshed get a bonus? Conservatives values, so simple and yet so complex.

[Wickerman]

6. and where, pray tell, will all these "brains" drain away to?

Are there other mgical lands where we pay people more per hour than the typical serf earns in a year? Nothing comes to mind.

[Peacetrain]

10. Apparently they will go to other buisnesses...

Where they will work their magic to destroy.. scary isn't it

[bettyellen]

13. well exactly!!! this is a huge bluff - because if they had an opprtunity they;d be taking it.

[DrToast]

8. We can only hope!

After what those assholes did to the country, why would anyone want to keep them?

[Cleita]

9. Are they dusting off that old canard again?

It's just another way of scaring the masses. Where are they going to move to? Really! They say the same thing about NHC that doctors will move away. Where? Every developed nation in the world has national health care so where are they going to move to? Frankly I wouldn't care if those leeches go somewhere else, but which country in their right minds will have them. China? Hey let them go there.

[Uben]

11. But where will we get fresh ideas......

...that can gouge consumers and bankrupt the government? Guess we'll have to go to Liberia to look for their replacements.

[opihimoimoi]

12. Brain Drain....? More like pruning deadwood is in order....what good have they done for middle and

lower America?

their wise focus was on profit margins for respective Bank/corp...very little for the rest of us...

as of now, they are impediments to Advancing America...they want a status quo for selfish reasons...

Logic tells us the Pubs are selfinterest and will do all it takes to survive as a Predator Party

Come, we go solve....

[glitch]

14. Flush away.

Maybe even flush twice.

[eShirl]

15. more like an abcess drain

[Oregone]

16. Ohhhh Noooo. They will "Go Galt"!

:)

[Peacetrain]

25. ~rofl~ good one

[iceman66]

17. Is that a promise?

Can we get it in writing?

[SeaLyons]

18. ...and just where the hell will they go???

where are they going to find jobs paying millions to rip off the public. I don't think so.

[The Magistrate]

19. Hear Hear, Ma'am! A Drain Is Exactly Where These Brains Belong....

[leftynyc]

20. I heard Mort Zuckerman

make the same stupid argument. Get rid of the losers that got us into this mess. If they're the best and brightest, we're in serious trouble.

[Raineyb]

22. Brain drain?

LOL What are they going to do move to countries where the gap between worker pay and executive pay isn't as large?

:rofl:

Or maybe they plan to use their skills at taking down economies to other countries so they can mess up their economies too.

:rofl:

Brain drain? We should be so lucky!

[Peacetrain]

24. Seriously...everytime I reread that, I wonder what the heck they are

talking about...

[janx]

26. But it rhymes, and people will repeat it!

George Orwell is rolling in his grave.

[JuniperLea]

23. No one is hiring; they won't go anywhere...

Just a bunch of hot air... those damn straws these yahoos are grasping at are looking like telephone poles. Very obvious.

[Peacetrain]

27. Who in their right mind would want to hire these jokers after the

way they ran their companies into the ground

[havocmom]

28. A lot of them should be looking at trials and prison

They are working hard, but only at trying to keep us convinced they are worth anything at all.

[Cha]

29. They always come up with

vapid crap like that.

[Peacetrain]

30. The thing that I do not understand Cha, are the people who

are at the lower rungs on the pay scale who mimic this stuff from the right wing back like it was gospel

[Cha]

34. Deranged

parrots?

[old mark]

31. Good. Maybe we could deport them to somewhere that needs a lot of sociopaths. nt

[vaberella]

32. I agree to that. n/t

[Odin2005]

33. If those executives are the best and the brightest then we are so totally screwed!

:rofl:

[ThomThom]

35. Where would they go? High paying factory worker?

Maybe they could be farm workers. Use car sales people. I'm sure they could make their bonuses some where else. Right? :evilgrin:

[MadMaddie]

36. It's amazing that failure is equated with the "best minds" in the US

When in fact the real minds won't get a second look because they are too honest and would turn several industries on their heads.

[Sebastian Doyle]

37. When I hear "Brain Drain", I think of the Ramones

And it wasn't even one of their better albums.

[lunatica]

41. Here's one way of stopping 'brain drain'

[WinkyDink]

38. WTH cares? Where are they really going to go?

[Phoebe Loosinhouse]

39. Since no one really believes this - where they gonna go? being the most major question

I have to believe that the journalists writing this pap are either morons themselves or are just writing as directed by their own overpaid execs and CEOs who are also draining their publicly held coffers.

[lunatica]

40. Don't let the door slam ya in the ass!

B-by!

[hughee99]

42. Not to defend these guys, but...

the financial institutions that got us into this mess have many divisions. Most of those were run well (or at least somewhat well) but because of the incredibly awful performance of a small number of these divisions, everything is fucked up. There are far more people affected by this than were actually responsible for the mess where in.

If companies taking TARP money can't pay these people well (specifically, the people who had nothing to do with credit default swaps, writing bad mortgages, etc...) these employees will leave for other non-TARP companies, and it will become even harder to prop-up the companies we're bailing out now.

I'm not saying these people necessarily deserve huge bonuses, but IMHO, this argument does have some merit.

[SemiCharmedQuark]

43. Yahoo news had that as their headline Thursday.

I agree with you 100%

[denem]

44. A "Sewer Drain"

[Vidar]

45. Good. Why reward smart thieves?