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Old April 6th, 2012, 10:34 AM   #1
myp
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Treasury freezes CEO pay at AIG, Ally, and GM at 2011 levels

The three companies which received bailout money and have not paid it all back yet are getting some stricter rules from the Treasury including freezes on CEO salary and some cuts for senior level executives. Ah when the government starts running businesses... (not that the pay cuts are not a good idea, but this is just a weird situation especially for a country that at least in rhetoric prides itself on the separation between government and business)
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Old April 6th, 2012, 10:53 AM   #2
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Quote:
Originally Posted by myp View Post
The three companies which received bailout money and have not paid it all back yet are getting some stricter rules from the Treasury including freezes on CEO salary and some cuts for senior level executives. Ah when the government starts running businesses... (not that the pay cuts are not a good idea, but this is just a weird situation especially for a country that at least in rhetoric prides itself on the separation between government and business)
It must be okay. After all the president is a " Constitutional law professor".
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