Who doesn’t believe in incentives?

Posted by Marc Hodak on July 30, 2009 under Collectivist instinct, Executive compensation | 4 Comments to Read

You get hired for this very prestigious job and you get a salary, and now we have to give you extra money for you to do your job right?

This puts Mr. Frank to the left of Albert Shanker, militant union leader of the United Federation of Teachers, and Nikita Khruschev, leader of the Soviet Communist Party.

His use of “we” might be viewed as a sense of financial services companies under TARP being an arm of the U.S. government. But in the context of his proposing to expand compensation regulation to non-TARP firms, “we” can only be interpreted as evidence of his collectivist mindset, as if the bonuses paid to executives comes from the public at-large.

Berk said,

There are no limits on state power in his mind. We the people work for Barney the Congressman. He works for…in his mind?
caracticus pott said,

OK, you apparently deleted my previous comment, so how about if I just use a single descriptor to cover both of his attributes by calling Frank a pinko?
Marc Hodak said,

CP – I almost never delete a comment, especially if it has some substantive point rather than a pure ad hominem attack. Neither of your comments really have substance, but the last one was a little over the line.
jd said,

Well, whatever Mr. Potts said, I’d probably agree with, but I appreciate the maintenance of civility here. This is one of the few places I go to that doesn’t include crazies throwing verbal grenades.