Pledging to take "the air out of golden parachutes," President Obama announced Wednesday that executives of companies receiving federal bailout money will have their pay capped at $500,000 under a revised financial compensation plan.
Under Obama's plan, companies that want to pay their executives more than $500,000 will have to do so through stocks that cannot be sold until the companies pay back the money they borrow from the government.
http://www.cnn.com/2009/POLITICS/02/04/obama.executive.pay/index.html
7 months ago
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I disagree with this on SO many levels, the 1st one being this entire bailout nonsense.
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