“THIS ONLY APPLIES TO COMPANIES TAKING BAILOUT MONEY FROM TAXPAYERS!”
Yes indeed, for companies that take bail out money, but please read further FRiend (is your caps key stuck??) it states: to cap compensation for employees of any company
Im sure you are not in favor of the government telling you how much you can earn. Im sure your not.
“Im sure you are not in favor of the government telling you how much you can earn. Im sure your not.”
Anyone who runs their company into the ground, and then takes govt money, all the while complaining it is not enough, can take a hike!
That would include me!
While we can all sympathize with capping salaries for CEO's of companys which get bailed out, the greater argument is (a)what entitles them to the bail-out in the first place and (b)why can't we find a comparable and suitable penalty for the jerkwads in congress who did even more to create this mess?