Obama Executive Pay | Obama sets executive pay limits

February 4, 2009 by frankls
Filed under: Hot Topics

Obama sets executive pay limits
Pledging to take "the air out of golden parachutes," President Obama announced Wednesday that executives of companies receiving federal bailout money will have their pay capped at $500,000 under a revised financial compensation plan.

Last year’s "shameful" handout of $18 billion in Wall Street bonuses "is exactly the kind of disregard for the costs and consequences of their actions that brought about this crisis: a culture of narrow self-interest and short-term gain at the expense of everything else," Obama said to reporters at the White House.
"For top executives to award themselves these kinds of compensation packages in the midst of this economic crisis isn’t just bad taste — it’s a bad strategy — and I will not tolerate it. We’re going to be demanding some restraint in exchange for federal aid — so that when firms seek new federal dollars, we won’t find them up to the same old tricks," the president added.

View original post here Obama sets executive pay limits – CNN.com

The Obama Administration _ Can Obama Stop Wall St. Bonuses?

The Obama Administration _ Obama Outraged Over Corporate Greed

Vote For Obama ? Mccain ? No ! Steve Kingsley In 2008!

Obama Acts On Executive Pay

Obama Caps Executive Pay Tied To Bailouts

Obama Sets Executive Pay Limits ($500,000) – Deflate Golden Parachutes

Obama Announces Limits On Executive Pay

Obama: Executive Pay, Strings Attached: The Swamp
"The standards today mark the beginning of a long-term effort to institute a sensible framework for executive compensation that promotes sound risk management and long-term growth while preventing such financial crises ……[Read More]

MyDD :: Obama’s Executive Pay Cap A Victory For Progressives
President Obama went from opposing executive pay caps, the non-progressive position, to not only supporting them but imposing them. In other words, because of a public outcry, the president moved from the less ……[Read More]

Obama: Executive Pay Limits For Bailed Out Companies « Suzie-Q
The Obama administration plans to mandate new executive pay limits for financial companies that are receiving any help from the $700 billion bailout fund. “If the taxpayers are helping you, then you’ve got certain responsibilities to ……[Read More]

Obama Caps Executive Pay Tied To Bailout Money (SPEECH TRANSCRIPT)
Obama Caps Executive Pay Tied To Bailout Money (SPEECH TRANSCRIPT) – The Huffington Post….[Read More]

Get Google Ads Free! :: New Secret!! :: Newbie Affiliate Made $109,620.
In Just 1st 60 Days! :: Proof Of How Powerful At Affiliate Page! :: Makes $40-$67 Per Sale! :: 75% P...[Read More]

Make 75% :: $45.73 Front End $66.55 Backend!
Easily Sell A New Website That Forces The Internet To Pay You & Others! ::::: Uses New Breakthro...[Read More]

Water Fuel Expert - Top Affiliate = $1450 A Day With Google Adwords.
$1.70 Per Hop Off Google Adwords With Over 20,000 Searches Per Day On Targeted Keywords. Top Convert...[Read More]