Mama Bin Cranky

Screaming on the Inside

Central Authority Decides Executive Pay

Posted by madjillmom on October 21, 2009

Pres. Obama’s pay czar will be cutting the pay of bailout recipient’s executives.  Reports are that some will be told to decrease their pay by 90%.  Wow!  While I hate some of the ridiculous rates some executives are paid, there is no reason to have the government try to control this situation.  The only possible positive is that this will probably result in quicker payback of bailouts.

Perhaps someone should talk to the pay czar about the salaries of Hollywood stars and sports stars in our country. Bet they won’t touch that.

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