Feb 4, 2009
There's a lot of bark so far...
...and today, Obama is trying to show some bite, too.
So you guys have heard about the bail-out plan a few months ago for the banks. And it turns out their CEO's and stuff are buying $118 million jets and paying themselves $18 billion worth of bonuses in 2008.
So today, President Obama implemented some "rules" to show he means business. Is he doing this because he thinks it's wrong? Because he totally fucked up on Daschle's nomination? Not sure if this is a good move. It fucks with recruiting good talent for unstable companies that make or break our economy. Also, government telling private companies what to pay their employees? That's a bag of worms right there.
Basically, Obama ordered that shareholders have more say in pay and that top execs have a salary cap of $500k. This isn't the WNBA, is it?