Obama’s cathartic CEO pay caps

Will executive pay limits of $500,000 soothe an angry public?

With “fat-cat CEOs” of bailed-out companies using taxpayer money for fat paychecks, we’re having a “‘public mood’ moment,” said Patt Morrison in the Los Angeles Times, and the pubic mood is ugly. President Obama called it “shameful,” but “words will never hurt” these high-flying, junket-taking, jet-buying "rich dimwits.” No, “I want groveling,” and “I want my 401(k) money back.”

You might have to settle for Obama’s “long overdue” $500,000 pay cap on companies taking taxpayer funds, said Kauffman Foundation CIO Harold Bradley in The Kansas City Star. “I’m a BIG free market guy,” but somebody had to take on bloated, short-sighted Wall Street pay packages, since corporate boards and shareholders have failed to.

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