Wednesday, February 04, 2009

Obama to cap executive pay

By Creature

"If the taxpayers are helping you, then you’ve got certain responsibilities to not be living high on the hog." -- President Obama

Hog-less [Bloomberg]:

President Barack Obama will announce today that he’s imposing a cap of $500,000 on the compensation of top executives at companies that receive significant federal assistance in the future, responding to a public outcry over Wall Street excess.

Good. Now, if someone could school these executives on how not to bankrupt their companies we'd all be better off.

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