TheRealMafoo on 22 March 2009
http://www.nytimes.com/2009/03/22/us/politics/22regulate.html?_r=1&hp
“The new rules will cover all financial institutions, including those not now covered by any pay rules because they are not receiving federal bailout money. Officials say the rules could also be applied more broadly to publicly traded companies, which already report about some executive pay practices to the Securities and Exchange Commission.”
Looks like Obama now wants to regulate executive pay, even if they didn't get bailout funds.
Even if you ran your company well, you will no longer be allowed to make a large salary.
Why? because Obama doesn't like it. No other reason really. Yes, welcome to the new dictatorship.
