Lawmakers' Goal to Cap Executive Pay Meets Resistance

[katty]

more: http://www.washingtonpost.com/wp-dyn/content/article/2009/02/11/AR2009021104488.html

Lawmakers' Goal to Cap Executive Pay Meets Resistance

By Tomoeh Murakami Tse
Washington Post Staff Writer
Thursday, February 12, 2009; Page D05

Congressional efforts to impose stringent restrictions on executive compensation appeared to be evaporating yesterday as House and Senate negotiators worked to fine-tune the compromise stimulus bill.

Provisions to impose a penalty on banks that paid hefty bonuses and to cap pay at $400,000 for all employees at firms applying for additional government funds did not survive the compromise, sources said.

The situation was in flux last night, but provisions in the Senate bill that called for a ban on bonuses for all companies receiving government funds also appeared to be headed to the chopping block, congressional sources said.

[dflprincess]

1. Isn't that just ducky? Just making sure they don't upset their corporate masters.

I don't suppose they've also loosened up the income requirements for those who need foodstamps, healthcare or housing?

:mad:

[katty]

2. nope, don't suppose-the corp masters will get what they want

[acmavm]

3. Why am I NOT surprised.

It wasn't that long ago when American's would have taken to the streets. We are such a bunch of washed up losers.

[jimshoes]

4. Junkies don't want to quit

their habbit either. Of course they're going to resist that. Screw them.