Quote:
Originally Posted by sebastian_dangerfield
Limit buybacks severely.
Warren, in her policy planks, should just take the last 20 yrs of IBM financials and make it Exhibit A to the suggested bill. “All of the type and character of the buybacks here in this exhibit will be illegal.”
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Bonus culture and overpaying CEOs. You cannot tell me that the difference in talent levels between someone you pay $10 million/year and someone you pay $60 million isn't negligible. I refuse to believe that people commanding those salaries are worth anywhere near the difference between their salary packages.
Also, bonus culture on Wall Street will destroy us all. What is the
personal risk to someone taking huge gambling risks with company assets? If you lose, the company (and/or taxpayer) pays. If you win, you get returns that are inordinately huge. We are right back where we were. Front-loaded salary packages will destroy us all (unless Amazon does it first).
TM
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