This headline should scare the hell out of everyone:
In Curbing Pay, Obama Seeks to Alter Corporate Culture
With that in mind, what other aspects of ‘culture’ will the Obama administration seek to alter?
Meanwhile, our esteemed freshaman senator follows up on a campaign promise to cap CEO pay. What’s laughable is that she comes from a state that has practically prostituted itself handing out economic incentives and not once —- correct me if I’m wrong — have I ever heard legislators or local officals suggest that the heads of companies receiving incentives take a cut in pay.
I realize this is the bend over and grab the ankles mentality going on in Washington, but where does it end?