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Old 04-25-2010, 10:27 PM
FromTheSouth FromTheSouth is offline
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Default QF TDigle vs. Remix

Me, TM, and Tastycles will judge

TDigle will affirm

Resolved: Unless in default of loan conditions, the salaries of executives at private firms who accept public bailout funds are not subject to government review.
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  #2  
Old 04-28-2010, 06:24 PM
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T-Diggle has yet to post, so I guess I'll start the bidding.

I'm going to argue that the salaries of executives at private firms who accept public bailout funds should be subject to to government review. The reasons for my stance on this matter will be outlined and explained below.

The first reason that the government should have some say in the pay of executives is that the government owns a part of the company. This in effect means that as a shareholder of a company they have every right to look over the salaries of the coroprate brass, if for no other reason than to see where their bailout money is spent.

For example, if you gave a private company $5 million (and it's worth $50 million), as a bailout, you own 10% of that company. Given how much of this company you own, you'd most certainly have the right to review the budget of this company.

Leading on from this point is that the government's bailout money was given for just that, to make sure that bailed out buisnesses don't go under. They aren't giving these companies millions of dollars so that the people who ran the company to the ground can keep picking up massive pay checks. To ensure that this isn't the case I'd say that the government (who as established above can be considered as a shareholder) the right to review the company's budget.

likewise leading on from the above analogy, if we replace 'private company' with 'hospital' and add 'to buy new scanning equipment', you'd be at liberty to review the budget to see if the money you gave the hospital is given to buy that new scanner, and not pay the higherups.

In conclusion, giving a company bail out money so that the bailed out company can continue to exist does give the government the right to look over a company's budget to ensure that the money is being spent sensibly. Because a company's budget naturally includes the pay of the executives. So yes the government does in this case have the right to review the pay of the top people in the company.
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Old 05-01-2010, 10:32 PM
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I was going to argue tonight, but, this would be totally unfair to Remix, who didn't procrastinate like myself. FTS, I am so, so sorry to say that I have decided to instead put my energy and time into the Wrestlezone Tournament. Remix, I wish you the best of luck in the playoffs.
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Old 05-04-2010, 03:11 PM
FromTheSouth FromTheSouth is offline
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Remix wins. Thanks for being honest TDigs.
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Its not a double standard. FTS can do it becuase he is cooler than you.
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FTS is my hero. I'm done.
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Originally Posted by Slyfox696 View Post
We're awesome. That's really all there is to it.
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