Banco Popular de Puerto Rico
Banco Popular de Puerto Rico is a full-service financial services provider with operations in Puerto Rico, the United States and Virgin Islands. Popular, Inc. is the largest banking institution by both assets and deposits in Puerto Rico, and in the United States Popular, Inc.
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Talented financial executivesis the operative word here. If they're so talented how did they get in so much trouble. Plenty of smaller banks who pay their CEO's much less than $500K a year are not only surviving but thriving and don't want or need federal bailout money.
February 19 -
I agree that all corp. execs should be capped, but also wonder why we think that "all the best talent" will not be satisified with a $500,000 salary? Surely not EVERY talented person has been sucked into the idea that more money determines worth... Have they?
February 19 -
Great comments everyone! Thanks for all of your feedback. Glad to see I'm not alone in agreeing with the comp cap.
February 19 -
The individuals that would be subject to the cap are the ones at the companies in such trouble, so I say let them be 'stolen.' I sincerley hope they are NOT our best financial talents!
February 20 -
While an across the board pay cap may not be the ideal solution, I think it is appropriate to hold these executives accountable for the role they played in creating the financial mess we're all in. As others have commented, were it not for the bail out money, some of these execs would be unemployed....
February 20 -
I agree with "T" - who is the government or anyone else to say that someone should make a certain amount of money. This country was built on rewarding the most talented and hardest working individuals. The government is rewarding incompetence. There are extremely talented individuals at these organizations...
February 23 -
COMPANIES ARE ALREADY SWITCHING TO LESS COSTLIER (FOR THEM) HEALTH INSURANCE PLANS THAT UP THE PREMIUMS FOR THE WORKERS, BUT BECAUSE OF THE GOVT SUBSIDY, THE WORKERS PAY THE EXACT SAME, WITH THE GOVT PAYING THE PREMIUM DIFF. THE COMPANIES ARE THE ONLY ONES BENEFITING BECAUSE THEY ARE THE ONLY ONES PAYING...
February 25 -
It is the responsibility of shareholders and the board of directors to set compensation for executives. A couple of other points -
February 25 -
I do not think the the term "Universal Healthcare" in this context means covering everyone under one government program. Accounts that I have read note that the $634B is the budget amount being given to Congress which will be charged with coming up with a plan to provide access to affordable coverage...
February 26 -
The only way to achieve Universal Coverage is via Consumer Driven Health Care. You have to put "skin in the game" for the health care purchaser.
February 26