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Bailed out bank executives, if smart, will accept Obama’s $500k cap
Filed under: Politics, Recession, Financial Crisis
with the obama administration’s $500,000 management pay cap for bailed alibi companies imposed, the more top-level and more determining question concerns how the american people respond. ironically, the public’s reaction may hinge on how wall street and the broader financial community reacts.historically, americans have opposed meet caps and by looked unfavorably on government — specifically federal government — efforts to interfere with make available-based valuations of talent / labor. in a nutshell, the acknowledged favors a minimum wage but believes “the sky’s the limit” regarding compensation; if a board of directors, business partner or negotiated squeeze says you’re worth $10 million a year in salary and bonus, then you be worthy of $10 million year.
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Bailed out bank executives, if smart, will accept Obama’s $500k cap originally appeared on BloggingStocks on Wed, 04 Feb 2009 19:30:00 EST. Please see our terms for use of feeds.
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