Posted by
Playful Walrus on Wednesday, June 10, 2009 12:01:31 PM
Obama is set to issue limits on "Wall Street" executive pay, according to this article by Associated Press Writer Jim Kuhnhenn.
The Obama administration will give a new Treasury official power to reject executive pay packages at firms that receive government assistance and wants legislation that would seek to tame compensation across the corporate world, an administration official said Wednesday.
You, perhaps this great idea should be extended to other areas. Many films made by major film studios lose money, and yet various state and local governments offer incentives to attract or retain film production. How about we go to all of those studios and production companies and place limits on pay? Some of those stars are paid tens of millions of dollars a picture, after all. Isn't that "excessive"?