Posted by: arnegrim | September 25, 2009


“The rules do not call for capping pay, Feinberg told a conference here, adding he is faced with setting compensation that discourages excessive risk-taking and that relates pay to performance.”

So… how does ‘setting compensation’ not equal ‘capping pay’?

Currently this only applies to ‘bailed-out’ companies… but this is a very slippery slope that leads to the government telling any company they have an interest in, what their employees are to be paid.

This on top of the government wanting to tell you what medical procedures you’re allowed to have… or even what type of car you’re allowed to drive.

Socialism anyone?


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