Obama Imposes Executive Pay Cap

This is one of the first steps to fiscal responsibility!

The greed of Wall Street, the insurance industry, and many big companies has brought America to its economic knees.

It is the ultimate of corporate greed to fire or lay off thousands of workers while collecting untold millions of bonuses, salary, and perks.

Am reminded of the old phrase "Oughta be a Law" yes a law against the obscene salaries of these high CEO's.....

Washington should check out companies B-4 giving them anything ....CEO's should make no more than
Obama ..$ 400,000 per year if it is coming from Washington ....There is NO TRUST ANYMORE
Thats what started this fiscal crap that along with
GREED & 4 the companies who got free money
like the BANKS etc ? Should know what it's like to be
POOR & OUT OF WORK !

Financial institutions regularly put restrictions on your financial outlays when you take a large business loan from them. Start up investors and initial capital contributors usually put huge restrictions on what is done financially until they receive their investment (with benefit) back. Angel investors do the same. Why shouldn’t the government do the same with its assistance?

That still seems like a ton of money to receive when your company is failing. Maybe that's just me though!?

Those assholes on Wall Street should be looking for a new job with no pay at all. They drove there companies into the ground being greedy. And we the tax payers are footing the bill...bills. They should work for free as long as they are accepting our money to fix their failure. I'm sure their 2007 bonuses are going to last them a while. Obama is right on the money with this one. 350 billion the Bush/Paulson way had little or no affect on our economy.

good

I am for this one. Who needs more that $500,000 a year?

Finally, some real oversight and control.

Kickass, and I agree with Maeveeo, getting paid the same as the fucking president seems more then fair, cut it down to 400,000!

i like this idea, how i really do disagree with the bail-out in the first place.

Very Communist of him, everyday he shows his true Communist colors.

Normally I am against any form of government regulation when it comes to salaries, but since these guys extended their hands for help they accept the rules attached to this help. Still this should have been put in place before the money was given because I do not think they can add this after the fact.

I am 100% for putting a cap on executives' salaries at corporations who receive OUR money. If a company is failing and needs our help, there is no logical way to justify giving the people responsible for these companies obscene amounts of money.

As for corporations that are not failing, they can pay their executives whatever they want, but I find the size of the wage gap between executives and regular employees to be ludicrous. That's greed and corruption for ya. The epitome of capitalism.

This cap is better than no cap. Although, I would rather see these executives make the Nations Avg. annual income since they are taking OUR MONEY. Give them $49,000 annually. I think that's fair.

Kind of wish I voted for the guy

Do we realize that that is still a half a million.Those guys have already pocketed the part of our 401k's that they did'nt lose.I think it to much but I'm glad that my tax money could help these poor fellers.

ha ha ah ha..........

Reiterating what I said above, the salary cap applies only to companies that are receiving tax payer bailout funds. The cap is automatically lifted when each company repays the bailout money.

This is not communism as some imply, but fiscal responsibility and common sense. To be honest, I think 500K is exceptionally generous considering the astounding damage these idiots have done to our economic system. In any other country they'd be in prison.

How about the government stop bailing them out and really allowing capitalism to work as it should? If you run your business into the ground you suffer the consequences for it. Isn't that how it is for us? And who is going to enforce this? From the article it appears that once they have paid their " bailout loan" they can then revert back to their usual greedy ways. Would they then be able to get another bailout down the road? It should be stipulated that this is a one time deal. Once this is given out the faucet is shut off. I can just see these banks now cutting other services or employee benefits to get this paid faster so they can go back to getting what they were getting. It is simply a bandaid as well to an even bigger problem... too much access for these companies with politicians in the first place.

Fn A. I say now we go after atheles and the hollywood scum who are grossly overpaid. And how about ex-government employees lobbying re: Daschle and people of his ilk. I think we should go after foreign governments who are corrupt and slap them down to size too. We should come up with pay structures for every job in the U.S. and raise the minimum wage to $300 per hour.

That'll fix em. Yeah at last we got em where we want them Yeah. Stick it to those bastards, but please please keep it biparitsan and no hate mongering. Please.

I am constantly amazed that there is virutally no discussion concerning Barney Frank, Franklin Raines, Johnson at Fannie and Freddie and Chris Dodd at banking and the incredibly huge role they played in this implosion of the economy. I guess we will have to wait for the history books to be written as it is obvious that none of you know anything about this or want to know. No conspiracy, just simple information readily available to anyone, but apparently not to the msm or you. Yes there was greed at many levels, but not just in corporate America. And not always of the monetary sort of greed. Power is equally evil in the scheme of this mess. Meanwhile we get to listen to the never ending drone of Barney and Dodd lecturing everyone else. What evil creepy guys these two boys are. Oh, but what the heck.

Absolutely Correct! If the Government is giving money in good faith to these banks, so the stay afloat and keep the economy going, then they should exercise restraint when giving in Bonuses and payouts. These moneys are NOT entitlements, they were approved by the government in good faith.

Enough!

someone remind me again why these people should even get $500,000. We are about to face a very serious recession, possibly even a depression because these people messed up big time. We should make them donate their pay checks to the TARP fund.

The price of taking public taxpayer dollar funds....the government can attach conditions. If the Corporate robber barons don't like it, don't take the bailout money.

Good news.