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Obama to Limit Executive Pay at Companies Getting Aid government
Link #143786 submitted by LowFlyingMule on Feb 4, 2009 06:04pm.   (+400XP)
http://www.huffingtonpost.com/2009/02/03/obama-to-limit-executive_n...
President Barack Obama imposed a $500,000 pay cap on some senior executives whose firms receive government financial rescue money, a dramatic intervention into corporate governance in the midst of financial crisis.  
 
Standing with his Treasury Secretary Timothy Geithner, Obama said the United States doesn't disparage wealth nor does it begrudge those who succeed, but lavish bonuses for executives at companies seeking taxpayer dollars was unfair.  
 
 
Good Idea, bad idea?


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Comments: 2   Hits: 141   Points: 191   Rating: 8.3 / 6   [ 1 2 3 4 5 6 7 8 9 10 ]     Post Bookmark

Great Idea
Posted by pdxpogo on Feb 4, 2009 06:24pm

If you can't live on $500,000 a year find another job! If you want to eat from the federal trough it is going to cost the big mucky mucks some dough. Incentivize my ass, do your job do it well. You expect it from people that work under you and your are not dropping millions on them.

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RE: Great Idea
Posted by FoolProof on Feb 4, 2009 11:15pm

Agreed.

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