Archive for bonuses

Issa Sings Flip Flop Solo In Bonus-Minor

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flip flops

Ever defiant, but also ever evolving, Rep. Darrell Issa can add flip-flopper to his resume of skills -- maybe next to arson and car theft.

The chairman of the United States House Committee on Oversight and Government Reform has never seen the wrong side of an issue where he couldn't find some Democrat or plot to blame and waste our government money investigating. When you think about it, what does he really know about costs and spending anyway? He's one of the three richest members of Congress -- and there's a lot of scratch in that group. His money is important to him. Government money isn't.

Okay, maybe he didn't get rich without being a good businessman. He must have some special business acumen -- after all, he knew exactly when it was time to strike some "Jewish Lightning" to raze his businesses, Quantum Enterprises and Steal Stopper, literally.  

Wikepedia:

Issa appeared to prepare for that fire by increasing the fire insurance policy by 462% three weeks previously, and by removing computer equipment holding accounting and customer information, preventing authorities from seizing it. But what a lucky guy to have removed all the plans and private documents a day before the fire struck from the very building that would burn down.

So if Issa's got that knack of timing, bless him. But where was that timing over the past five years? It's only this past week that he's done a complete turn around on criminals, criminal activity and corporate bonuses. Oh, and whose bonuses is he calling into question? Why none other than the IRS. How about that?

Thanks to the fine people over at Huffington Post, we have this little video to see Issa flipping around like a freshly landed tuna on the deck of a fishing boat. It's actually fun to watch. Hope you will.

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Friday Links

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links

Friday Links from The Political Carnival

Bank of England: Bankers May Have to Return Bonuses

UNESCO World Heritage Sites

The Scale of the Search for Flight MH370 ('Keep clicking until you see the plane.')

The library is the last, best socialized institution in America today and you're about to lose it

Snowstorm Spawns Most Hilariously Comprehensive Forecast Ever

Why Does this Pocket Watch Cost $400,000?

President Obama Does 'Behind Two Ferns' - Right Wing Freaks Out (of course)

The Secret to Holding Your Breath for 20 Minutes

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Yeah, like this will ever happen...

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totes adorbs

This totes adorbs Think Progress headline caught my eye: Senators Seek To End Taxpayer Subsidy For Exorbitant CEO Pay:

With executive compensation at record highs, two senators are trying to end a government subsidy of performance-driven executive pay schemes that cost taxpayers $5 billion per year. Sens. Jack Reed (D-RI) and Richard Blumenthal (D-CT) proposed a bill Friday that would limit the amount of performance-based pay that can be written off as a tax deduction and bring in $50 billion in tax revenue over a decade.

Isn't it presh how Reed and Blumenthal think Republicans would ever pass any bill ever that would pull support from their ritzy CEO BFFs? Especially one called the Stop Subsidizing Multimillion Corporate Bonuses Act.

But hey, at least they're trying. And who knows? Stranger things have happened...

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Big U.S. banks face delayed bonuses

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I've never gotten a bonus. In fact, I no longer get a paycheck.

(Reuters) - U.S. regulators on Monday made their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.

The Federal Deposit Insurance Corp proposed that executives at the largest financial institutions have half of their bonuses deferred for at least three years.

Yet the U.S. plan is markedly softer than the European Union, which in December set guidelines that top bankers be limited to receiving 20 percent of their annual bonuses upfront in cash, with some exceptions. [...]

FDIC Chairman Sheila Bair acknowledging that international counterparts have moved more quickly on bank pay reform, and in some cases have been more prescriptive in their rulemaking.

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