bloomberg.com - 1/30/2009
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Jan. 30 (Bloomberg) -- President Barack Obama and Democrats in Congress are moving to cap Wall Street bonuses and pay. White House spokesman Robert Gibbs said it’s “very safe” to assume that new rules guiding the administration’s financial rescue will address bonuses and executive pay. Earlier ...
bloomberg.com - 1/30/2009
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bloomberg.com —
Jan. 30 (Bloomberg) -- Andrew Cuomo , New
York’s attorney general, may demand the return of $4...
billion in bonuses paid by Merrill Lynch & Co. just before it was acquired by Bank of America Corp. , a person familiar with the matter said. Cuomo also ...
(more)
Cuomo May Ask Return of $4 Billion in Merrill Bonuses ...
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Your Ass? Capped
Dealbreaker —
... limited in total to the U.S. president's $400,000 salary, and a court would be created to restrain their "massive self-indulgences," under legislation introduced by two senators.
"We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer" by taking multimillion-dollar bonuses, said Democratic Senator Claire McCaskill of Missouri. Her proposed $400,000 pay cap for executives would cover salary, bonuses and stock options.
Bill Would Cap Salaries at Companies Taking Bailout [Bloomberg]
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Compensating Incompetence
Mises Economics Blog —
... Missouri Sen. Claire McCaskill wants to limit total compensation for employees of companies receiving government "bailouts" to $400,000 annually -- because nobody should make more money then Barack Obama: ...
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