f*ck THEMMMMMMMMMM Options

[brooklyneast05]

Executives of companies receiving federal bailout money will have their pay capped at $500,000 under a financial compensation plan that President Barack Obama is expected to announce Wednesday, two senior administration officials said.

Obama alluded to a change in executive salary in an interview with CNN's Anderson Cooper on Tuesday.

"Tomorrow I'm going to be talking about executive compensation and changes we're going to be making there," he said. "We've now learned that people are still getting huge bonuses despite the fact that they're getting taxpayer money, which, I think, infuriates the public."

Under the president's plan, companies that want to pay their executives more than $500,000 will have to do so through stocks that cannot be sold until the companies pay back the money they borrow from the government, according to administration officials.

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well it's a start i guess. ..


i would not want to pay them 500,000 dollars either really. i don't get why they should even make that much, but it's better than millions. i never understood what they got paid millions for either. for real, you could hire me to run your company in the ground and i wouldn't even charge half as much! i could probably go about it even faster too. i don't see what they do that warrants such outrageously high pay.