Democrats appear to have won CEO pay concessions for companies bailed out by the Government in this debacle.
Hooray.
Meanwhile, no regulatory concessions were sought or provided. No oversight was created or expanded. The government will still remain the largest provider of mortgage-backed securities. The government will receive no equity stake.
Who needs a forest when you have all these trees?
1 comment:
How would a cap on executive compensation effect a firms competitiveness going-forward?
Is it feasible to have a work-place environment where subordinates have higher compensation than management?
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