Yup, that will go over like a lead balloon.
Anyone who lets themselves be salary or classified as “executive” is schmuck anyway who deserves not to be paid for their mandatory overtime. In this day and age where the 60-hour week and 24/7 on-call is a requirement, I make sure I remain hourly that I get paid my double pay for anything over 40.
We don’t need the Obummer trying to fix other people’s stupidity for ‘em.
I was one of those schmucks. I was a professional, barred by rules from getting overtime pay. Often put in 60 to 70 hour weeks, being on 24/7 call. I was allowed to bank compensatory time off, but was often refused requests to use the time, and carry-over limits saw me losing hundreds of banked hours every year. Frustrating, but my high salary versus what non-professionals earned eased the frustration. If Obama gets his way, professional and executive jobs will disappear because it will bankrupt companies.