Support AlterNet
Do you value the information you're getting from AlterNet? Please show your support with a tax-deductible donation.
Feedback
Tell us how we're doing.
Obama to Introduce Executive Pay Limits for Bailed Out Companies
The Obama administration plans to mandate new executive pay limits for financial companies that are receiving any help from the $700 billion bailout fund. "If the taxpayers are helping you, then you've got certain responsibilities to not be living high on the hog," President Obama said in an interview. Sen. Claire McCaskill (D-MO) has proposed that no employee of a bailed-out company can receive more than $400,000 in total compensation until it pays the money back.
Tagged as: obama, executive pay, cap
Faiz Shakir is the Research Director at the Center for American Progress and serves as Editor of ThinkProgress.org and The Progress Report.
| Also in Corporate Accountability and WorkPlace | |||
| Good News on Jobs Front but Still no Signs of a "Robust" Recovery Employers are cutting jobs at a much slower rate. Post by Dean Baker. December 4, 2009. |
10 Companies to Avoid This Holiday Season Yes, there's Wal-Mart, but also a bunch of surprises, too. Post by Tara Lohan. December 4, 2009. |
A Friend of Mine Once Knew a Guy Who Was a Welfare Queen True story. Post by Joshua Holland. December 3, 2009. |
|
EMAIL
PRINT
5 COMMENTS
PERMALINK