Wednesday, April 1, 2009

Barney Wants to Limit ALL Pay

This from Financial Week, which inspired me to post the above image. Look carefully and you will see a dollar sign ($) on the black bag in the hand of the guy in blue...

Congress will consider legislation to extend some of the curbs on executive pay that now apply only to those banks receiving federal assistance, House Financial Services Committee Chairman Barney Frank said.

“There’s deeply rooted anger on the part of the average American,” the Massachusetts Democrat said at a Washington news conference today.

He said the compensation restrictions would apply to all financial institutions and might be extended to include all U.S. companies.

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