[chrisser]

If you are a struggling company...you can’t afford to pay 100 million in salaries and bonus

Exactly. You should go bankrupt in that position. But if you receive a large infusion of cash, then you ought to get the best leaderhip you can afford, and capping salaries isn't going to give you that.

the morons bankrupted their companies and should all be fired...new management is needed

I think so, but I didn't invest in these companies, and I didn't support the bailout, so obviously nobody's listening to my opinion.

Also, get rid of the boards...bastions of cronyism and return control to stockholders.

There are likely thousands if not tens of thousands of corporations in the U.S. that work just fine under standard corporate governance. I think you're suggesting we throw the baby out with the bathwater.

What keeps this corruption, for lack of a better word, in place is the divorce between decision making and responsibility. Unfortunately, the primary cause of this is government. More government isn't going to make that go away - it will only make it worse. Companies that are poorly run should be allowed to fail, and fail spectacularly, noisily and publicly. Those responsible, when guilty for breaking law, should be prosecuted swiftly and shamed roundly. That is the solution, not giving morons in Congress control.

[bronxboy]

I don’t want salary caps, but any bank that took tarp money is going to have accept some sort of strings...which should include no bonuses. Bernie Madoff and all the other scandals clearly demonstrate that some form of regulation is needed.