Is Dan's SEC plan viable, or is this his retirement plan?
Reading today various issues politicians need to find a way to stop the corporates throwing a tantrum every time some market regulation is enacted. It's clear these things should work if not for some bonus hunting executive who's pissed off because his 7 figure salary is going to be cut by 10% or 15%.
You know from the reading that the various claims that "regulation drives up prices" are bogus, prices rise because executives won't accept lower margins, so they deliberately increase prices. I feel for them, after all they are barely making ends meet and their executive bonus depends on a percentage!
As an aside, I'd like to see politician pensions contingent on not entering corporate life post politics, so politicians can't lay the ground work to feather their nest before they are voted out. Remove some of the incentive that exists to screw over the public for personal profit. Too many get life long pensions, then join the board of the very companies they were previously trying to regulate, they win both ways and the public pays. Let the politicians join charitable boards, hospitals or other non-profits, but not the mainstream corporates they were trying to regulate.
Reading today various issues politicians need to find a way to stop the corporates throwing a tantrum every time some market regulation is enacted. It's clear these things should work if not for some bonus hunting executive who's pissed off because his 7 figure salary is going to be cut by 10% or 15%.
You know from the reading that the various claims that "regulation drives up prices" are bogus, prices rise because executives won't accept lower margins, so they deliberately increase prices. I feel for them, after all they are barely making ends meet and their executive bonus depends on a percentage!
As an aside, I'd like to see politician pensions contingent on not entering corporate life post politics, so politicians can't lay the ground work to feather their nest before they are voted out. Remove some of the incentive that exists to screw over the public for personal profit. Too many get life long pensions, then join the board of the very companies they were previously trying to regulate, they win both ways and the public pays. Let the politicians join charitable boards, hospitals or other non-profits, but not the mainstream corporates they were trying to regulate.
"Ruck, ruck, ruck, ruck ....... Ruck, ruck, ruck, ruck"