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Good
What a bitch
Hey Barney, how about we hold a public forum on congressmen self-enrichment and their voting on their own pay?
Thanks, I have a SPLITTING headache now.
Welcome to creeping socialism. You’d swear Frank never heard of voting rights, a board of directors or shareholder activism.
He wants in your pants and he wants it NOW!
Good spoof! You had me until the politician said he didn’t want to appear in front of the camera any more. Oh, Lordy…
@Mark Haines…
When you interview someone to “find out what his thoughts are before the hearing”, you should proceed to do just that.
Arguing and interrupting do not help you at all, especially when you have only a few minutes for the interview.
In short, you f’d-up, Mark.
The Guy from Delaware
Barney Frank paid me $1000 to titty hump him.
i hate agreeing with bf and even more with tgfd but i’m with bf here
Hey Barney,
How exactly does the CEO choose and elect board members ?
Haines misses Erin. Did somebody say Erin?
Meanwhile, on Erin Today:
The Boy From Ipanema: International Child Abduction.
There Oughtta Be A Law: Letterman denies advocating forcible or statutory rape of Willow Palin.
Miss California Sucks: Trump to hideous Carrie Prejean: Won’t put out? You’re fired.
That’s one sick, filthy demographic at Today.
@ TGFD: It’s an unwritten rule you are allowed to interrupt idiots.
It’s the same line of shit with these assholes everytime. Someone points out the flaws in their policy proposals and they bitch and moan about how we can’t just do nothing. Haines never said don’t do anything. Frank is a crybaby who was definitely trying to mischaracterize what Haines had said.
Guest@#11…
You may be correct, but who loses here? Mark or Barney?
The Guy from Delaware
Gaspagool needs to do that a few times to Dennis Kneale.
I’m guessing MH’s handling of that interview will not go over well with CNBC mgmt. I’m predicting a DR style exoduses sometime soon.
On a related note- what was up with DF’s hair, looked liked like he just woke up.
Also, any guesses as to what BF was looking at toward the end of the interview. I think he may have wanted to end it early for other reasons…
Man that Barney Frank is a real cocksucker
BF is a pompous ass and pulls this bullying shit at every interview when he gets a little flak. Memo to BF you’re an elected official – you answer to us.
I’m guessing MH’s handling of that interview will not go over well with CNBC mgmt. I’m predicting a DR style exoduses sometime soon.
On a related note- what was up with DF’s hair, looked liked like he just woke up.
Also, any guesses as to what BF was looking at toward the end of the interview. I think he may have wanted to end it early for other reasons…
Lehman Brothers went under.
There’s a reason why Nancy Pelosi called him “congresswoman”…
Toilets are broken at GS.
Barney looks a bit tattered, as does Haines.
However, the CNBC response that being able to buy or sell a share, or that boards of directors are responsible for oversight, does not in fact solve the problem, and is akin to doing nothing.
The question ought to be who, if anyone, should be doing something, and should that center around some sort of heavy compensation, penalty or liability for boards of directors who allow a company to go ATM.
It seems obvious, over the last few months, that MH is unhappy. Why doesn’t he just go home. I don’t particularly like BF, but Haynes owes him a public apology.
It seems obvious, over the last few months, that MH is unhappy. Why doesn’t he just go home. I don’t particularly like BF, but Haynes owes him a public apology.
Seems like almost everyone at CNBC is unhappy or disinterested.
excwuse me excwuse me
Haines is a douche. I’m not a barney fan, but cnbc needs to quit it with the rude, obnoxious interruptions. Ask the question and let the person answer. Cnbc anchors think so highly of their opinions…look at their bios- none of them are qualified to preach about finance.
God bless Mark Haines.
I’m no fan of Haines, but Frank was ready for battle. He answered all the other questions (more or less), but as soon as Haines asked him the first question a cloud came over his face and he was ready to get angry. This is bf’s MO, subjective outrage. That’s how he avoids even nominally tough questions.
@18
It looked to me BF was running out of time, and then comes MH with his silly interruption. So MH got what he deserved. Keep it going CNBC. Not sure why anyone watches that circus, except to make fun of the gasbag.
LINKY NO WORKY
I am a shareholder. What are voting rights?
You can’t legislate morals. Greedy, short-sighted CEO’s screwed their companies (and us) because the tax code incentivizes them to do so — they are only doing what the rules allow them to do. Change the tax code that rewards companies to invest in long-term plays rather than short-term high wages. Whacked out management pay started in earnest after the 1986 tax code revisions.
You can’t legislate morality!!! Today’s tax code incentivizes CEO’s and mgt. to target short-term gains and pay themselves huge money — they are only doing what every good capitalist should do. Go back to the 1986 tax changes and reimplement tax codes that reward companies for investing in long-term visions and presto — management salaries will reflect long-term goals.
29 score one for bf- we might not like the guy, but investors like this proposal. This proposal gives investors another tool to fight entrenched management. Only current alternatives are to sell the stock or launch costly proxy fight. Firms are run for the owners; why shouldnt the owners set their employees pay?
Fire haines and be done with it
MH is correct in that this new proposed proxy access rules will only empower the large activist shareholder, whose views do not alway align with Moms & Pops.
That said, CNBC is as bad a FauxNews in driving this socialism fear frenzy…
They should tone it down and recognize that the Obama administration took some unpopular and risky moves to save 10′s of millions of jobs…
37 agree somewhat, but BF point was that the boards views don’t really align that well with Mom and Pop either. The boards meet for 2-3 days a quarter, tend to be friends or have mutual friends with top management and tend to have had senior management experience themselves. It’s viewed as impolite to challenge pay or other issues too forcefully at board meetings. That’s precisely why activist shareholders can add value. If boards were doing their job, there wouldn’t be such large corporate governance discounts around that make the activist salivate.
The solution is imperfect, but clearly a step in the right direction.
If interrupting is rude, so it putting words in someone else’s mouth. Frank does that constantly. Why should MH, or anyone, put with it?
CNBC is full of idiots, but they also have journalists who “take the other” side with a lot of guests. They get informative interviews from Democrats Corzine, Dean, Kanjorski, Romer, Goolsbee, Cummings. They are not the problem.
Interviews waste time when guests rewrite questions to reiterate their points. If Frank won’t answer questions, CNBC can report his public statements. They lose a prestige guest, but viewers lose little if Frank won’t respond to the questions those statements raise.
Is it CNBC policy to hire only the most abrasive, obnoxious, irritable, and despicable characters? Just look at this lineup — Haines, Kneale, Gasbag, Kernan, Kudlow, and Santelli. Boy, this network just oozes charm, eh?!
Is it CNBC policy to hire only the most abrasive, obnoxious, irritable, and despicable characters? Just look at this lineup — Haines, Kneale, Gasbag, Kernan, Kudlow, and Santelli. Boy, this network just oozes charm, eh?!
@38, I fully agree with your definition of an ideal activist shareholder. Since the passage of SoX and the more stringent independence requirements under the NYSE rule, board’s have become more of a place of business and good governance than the extension of the country club grill they were in the past. I beleive that the latest proxy access rules change proposed by the SEC will be a reality in the 2010 proxy season, and that it will make Board’s more cautious when setting executive pay, and will therefore be effective.
@TGFD: On a balance scale, Frank.
In this interview Frank was answering the questions very well and the other hosts refrained from interrupting. MH is the one who screwed up.
Frank is no dummy answering questions, I’d say he’s one of the best in Congress in that regard. He will not let you get away with a question that starts with a premise that is wrong or he doesn’t agree with, like MH’s last question. His reaction time is very quick for those type of questions, whereas I’ve seen many others get lost and sinking themselves in answering the same type of questions.
42- 38 here. Agreed, more proxy access can improve things. I’d fiercely oppose the government capping pay. But letting shareholders vote? Hard for an owner to get upset with that one.
male brothel.
@37,
Saved 10′s of millions of jobs?!? You can’t seriously be using that bullshit.
So, are you:
a) an intellectual lightweight?
b) being sarcastic?
c) a partisan hack?
d) just plain old fucking stupid?
47 your comment is heavy on name-calling, light on any substantive issues or alternative evidence. You are clearly a,c, and d
-Not 37
Barney, could you please comment on fannie and freddie?
i think it is hilarious that when barney gets outside of congressional hearings he finds that his bullying doesnt work. mh is not my favorite, but he was certainly right in interupting barney when he tried to mis-characterize what was said.
memo to the voters of mass. gay-lobsterclops, speach impediment, fat:
what the hell are you thinking.
Boardrooms are still pretty clubby; they pretty much rubberstamp proposals. Don’t expect the comp committee to do what’s right for the shareholder on the pay issue.
just heard layoffs going down at edward jones
i saw that interview live and what is not shown on the replays is that after BF left, Haines said, “you won’t be missed.” — greatness
@50, A+
A co-worker of mine was defending a small asian man from a crazy schizo homeless dude in front of penn station this morning (could’ve been d-fuld). The homeless dude scratched my friends face during the melee. Can people please weigh in if in a similar situation do you a) walk away fast (like i did) or b) get involved (and potentially get SARS from the scratch)?
tnx
-tgwwbh
56 depends if you have a vagina or not
Whatever happened to wall street week?
Cnbc is just trying to stay relevant
c) Smith&Wesson
WWDKD?
Hope Jon Stewart skewers Haines tonight
Don’t tease me.
Whoa, did someone say fannie? Memo to Zucker, Get on the Hotline to Drury, and get these a**clowns out of here. Meanwhile, The Mass. madam can go pout all she wants, she still had a HUGE role in this shitstorm we are in.
Erin Burnett is the future of the Today Show and NBC Nightly News!!!!!!!!!!!
65, OMG!! Time to short GE
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