http://news.yahoo.com/s/ap/20090204/..._executive_pay
What do you all think about the salary cap that Obama put on the executives of the companies that took a bailout? Do you think it is too high? Too low?
I don't really know much about it, I guess. I don't know what to compare it to. What were their salaries before? I mean, if my company was thisclose to bankrupty and I had to have Uncle Sam bail me out, I think I would be pretty happy with 500K!! But I don't know how they were doing before. I do rememeber one guy from one of the companies that apparently had a $1/year salary (ohh all bow down to thou generous one) but then his annual bonus was millions! @ss.
Anywho, what do you guys think?