Posted By: HappyGilmore
And so it begins... - 02/04/09 06:07 PM
Obama caps executive pay tied to bailout money
Wonder if he will take these same steps with the heads of the Post Office, FEMA, Health & Human Services, IRS, and many other government agencies that are replete with failures and boondoggles?
Quote:
President Barack Obama on Wednesday imposed $500,000 caps on senior executive pay for the most distressed financial institutions receiving federal bailout money, saying Americans are upset with "executives being rewarded for failure."
Wonder if he will take these same steps with the heads of the Post Office, FEMA, Health & Human Services, IRS, and many other government agencies that are replete with failures and boondoggles?