1. QUOTE from:
    Executive Pay Cuts at Bailed-Out Firms Stoke Fear About Washington's Reach
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    “This slash-and-burn approach is, in my view, incredibly short-sighted.” “They have taken a very strong position,” said Gerald Rosenfeld, deputy chairman of Rothschild Inc. and co-director of New York University’s Business and Law program. "There are going to be a lot of active poaching attempts, most likely by European banks. This certainly is going to be a problem for Citigroup and Bank of America." Stephen Cohen, Citigroup spokesman, declined to comment, as did Scott Silvestri, a spokesman for Bank of America. Full Article at Bloomberg.com
    There are going to be a lot of active poaching attempts, most likely by European banks. This certainly is going to be a problem for Citigroup and Bank of America.
    SOURCE: Bloomberg.com 1 month ago
All quotes from:
Executive Pay Cuts at Bailed-Out Firms Stoke Fear About Washington's Reach
  1. I hope taxpayers realize that the only way they ever end up subsidizing offensive executive salaries is when the government bails out the executives and the companies they run in the first place
    – Jeb Hensarling SOURCE: Bloomberg.com 1 month ago
  2. They’re responding to a building political firestorm in Congress ... As much as the Street wrings its hands about the government setting things like pay, once you take the government’s money, you got into that bed.
    Jeff Davis – Jeff Davis SOURCE: Bloomberg.com 1 month ago
  3. The fear is, will this make people throw up their hands and say, ‘I have to leave’?
    SOURCE: Bloomberg.com 1 month ago
  4. As the administration takes on the CEOs of these companies this forcefully, even if it’s a relatively limited number of companies, the voters are going to react very positively.
    SOURCE: Bloomberg.com 1 month ago
  5. The government is acting like the owner they are, and they’re a pretty ticked-off owner
    SOURCE: Bloomberg.com 1 month ago
  6. This is a very good thing.
    SOURCE: Bloomberg.com 1 month ago
  7. Pay is going to be huge at previously TARPed institutions such as Goldman Sachs, Morgan Stanley, and JPMorgan.
    SOURCE: Bloomberg.com 1 month ago
  8. I don’t think there will be any charity cases on Wall Street
    Barney Frank – Barney Frank SOURCE: Bloomberg.com 1 month ago
  9. The president put Ken Feinberg in place in order to be an advocate for taxpayers and it appears that Feinberg is doing what the president put him in place to do
    – Bill Burton SOURCE: Bloomberg.com 1 month ago

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