[Red in Blue PA]

Why would anyone be opposed to limiting compensation to incompetent, fatcat executives receiving MY taxpayer dollars?

[matt1234]

Why would anyone be opposed to limiting compensation to incompetent, fatcat executives receiving MY taxpayer dollars?

I am opposed to bailouts AND salary caps.

[chrisser]

Why would anyone be opposed to limiting compensation to incompetent, fatcat executives receiving MY taxpayer dollars?

Because if you ever want those tax dollars back, you need competent management at the top.

What you are behind is a system where bad management runs the company into the ground, the government bails them out, puts a salary cap, the executives responsible leave (with all the salary they made previous intact) and no one with the capability to fix the companies will take the job because the salaries are too low.

It takes a helluva good executive at the reigns of a struggling company to get it back into profitability, and you want to limit the pool of people who will take the job to only those who are desperate enough to do it at a cut rate?

[meyer]

Why would anyone be opposed to limiting compensation to incompetent, fatcat executives receiving MY taxpayer dollars?

Frankly, if the government wanted to attach strings to this bailout (with which I do NOT agree in the first place), they should have done so before giving the money away. You don't hand somebody millions and then 3 month later tell them how they should have spent it.

[whitedog57]

Certainly, the government can limit comp for bailout money.

But if it is across the board, then here is Communism!