Sen. McCaskill calls for capping exec salaries at Wall Street firms
Senator Claire McCaskill (D-MO) has introduced a bill that would cap the executive salaries of those companies accepting federal TARP money:
A day after President Obama unleashed a scathing rebuke of corporate America, Sen. Claire McCaskill introduced legislation Friday that calls for capping executive salaries at companies that accept federal dollars because of the economic downturn.
An interesting notion from a person who just allowed a self-granted pay raise to take effect, even in the face of this economic downturn.
Comment from Guy Ayel
Time January 31, 2009 at 18:10
I think Sen McCaskill is absolutely right.
All of them (CEO, executives and traders) participated in the failure of the present economy by exagerating company values. Whe you fail, you pay…
Thye made enough money in the recent past.
And please shut up Mr Guliani who has no clue what is the life of regular citizen.
400,000 is even too much for failure…