Slowlane
Literotica Guru
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- Nov 26, 2004
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Obama Imposes Pay Cap on Executives -
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."
IMHO, virtually assuring that they will be unable to hire the best leadership available. In other words, they won't be able to hire the leadership needed to get them out of the hole their in.
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."
IMHO, virtually assuring that they will be unable to hire the best leadership available. In other words, they won't be able to hire the leadership needed to get them out of the hole their in.