Free Republic

Emboldened by the passage of health care legislation, the Obama administration will set its sights on a new target - regulating how much money you can make. Recipients of federal bailout money already face regulations designed to rein in "excessive" corporate salaries. Since the administration has proclaimed this first step a success, it is only a matter of time before it seeks broader control over private-sector compensation. The administration gave itself a pat on the back for a job well done after "only" 16 of 104 senior corporate executives quit when their salaries fell under the pay czar's knife. The...

Emboldened by the passage of health care legislation, the Obama administration will set its sights on a new target - regulating how much money you can make. Recipients of federal bailout money already face regulations designed to rein in "excessive" corporate salaries. Since the administration has proclaimed this first step a success, it is only a matter of time before it seeks broader control over private-sector compensation. The administration gave itself a pat on the back for a job well done after "only" 16 of 104 senior corporate executives quit when their salaries fell under the pay czar's knife. The...

Barney Frank: TARP's comp curbs could be extended to all businesses - Would be part of broader bill limiting hedge funds, credit-raters, and mortgage securitizers; 'deeply rooted anger' 02/07/09 House Financial Services Committee Chairman Barney Frank said Congress will consider legislation to extend curbs on executive pay that now apply only to those banks receiving federal assistance. He said the compensation restrictions would apply to all financial institutions and might be extended to include ALL US COMPANIES....