Senator Proposes Pay Cap: If You Make More Than 400K, You Make Too Much

[AGDee]

If you were the best at what you do, your company wouldn't need bailout money. The bailout money was given to ease the credit crunch that was going on. Banks did not start lending more money and instead gave it to their own employees as bonuses. That's BS.

However, it's also BS to cap salaries, especially for companies that didn't need bailout money. If you're going to ask for a handout, you better be prepared to answer how that money is going to be used. The auto companies had to do that and for them, it was a loan. The banks were just handed money with no request for plans of any kind.

[KSigkid]

I'm not a fan of the bailout/loan money, for either the banks or the auto industry, so I'm fine with the pay caps. I do, however, have a problem with limiting salaries for heads of companies that are not taking any government aid (either in the forms of loans or other bailout money).

[nate2512]

So when is the government going to start appointing CEOs, Board of Trustees, Janitors, it has to end somewhere.

[moe.ron]

Originally Posted by KSigkid

I'm not a fan of the bailout/loan money, for either the banks or the auto industry, so I'm fine with the pay caps. I do, however, have a problem with limiting salaries for heads of companies that are not taking any government aid (either in the forms of loans or other bailout money).

Agree