Big Brother Wants More Control
Sharon McKnight SPHR
737 Posts
I read a story in the Washington Post about the government extending its control over compensation not just at taxpayer-owned companies but also to institutions that are merely government regulated.
Specifically, Bernanke wants to control pay at all banks -- even those that never received a bailout -- as well as U.S. subsidiaries of foreign companies.
How would such government control go over at your company? What would your employees and management team think about the Feds coming in and dictating what your employees can be paid? Granted they control minimum wage already, but how would you like for them to control your whole comp plan?
A scary thought and it's not even Halloween yet.
Sharon
Link to the article:
[URL]http://www.washingtonpost.com/wp-dyn/content/article/2009/10/22/AR2009102202670.html?hpid=topnews[/URL]
:usa flag:
Specifically, Bernanke wants to control pay at all banks -- even those that never received a bailout -- as well as U.S. subsidiaries of foreign companies.
How would such government control go over at your company? What would your employees and management team think about the Feds coming in and dictating what your employees can be paid? Granted they control minimum wage already, but how would you like for them to control your whole comp plan?
A scary thought and it's not even Halloween yet.
Sharon
Link to the article:
[URL]http://www.washingtonpost.com/wp-dyn/content/article/2009/10/22/AR2009102202670.html?hpid=topnews[/URL]
:usa flag:
