Government Bailout & Executive Pay Cap
I am all for the government imposing a cap on executive compensations with regard to salary, bonuses, and buy-outs. Firstly, it only applies to companies accepting government buy-outs and thus the government has a responsibility to see to it that the money is well spent and not wasted. This occurs in most other circumstances of government financial supports whether it be NIH research grants or federal moneys to states. Federal money should always come with restrictions. Secondly, and perhaps even more important, I hope this executive compensation restriction is such that the vast majority of large companies, those that are "too big to fail" would think twice about asking for federal hand-outs. I rather them take a chance on failure. I think this would be better for the companies, the economy, and the tax payers. Now small companies might be tempted to take government money but since our economy is built on the back of small and medium companies, I am fine with this.