Truthdig - Ear to the Ground - Slapping the Pay Cuffs on Execs

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<IMG src="http://www.truthdig.com/images/masthead_newsletter.gif"> Hi, I read this on Truthdig and thought you would find it interesting. =-=-=-=-=-=-= Slapping the Pay Cuffs on Execs Amending current TARP rules and regulations, President Obama is expected to put a <a href="http://www.nytimes.com/2009/02/04/business/04pay.html?_r=1&hp" title="$500,000 cap on executive salaries">$500,000 cap on executive salaries</a> at companies that receive large amounts of bailout funds. It would mean major pay cuts for the likes of Bank of America CEO Kenneth Lewis, who took home more than $20 million in 2007. <a href="http://www.truthdig.com/eartotheground/item/20090204_execs_to_be_only_half-millionaires/">http://www.truthdig.com/eartotheground/item/20090204_execs_to_be_only_half-millionaires/</a> Copyright © 2009 Truthdig, L.L.C. All rights reserved. =-=-=-=-=-=-= This is a one-time mailing from Truthdig, (<a href="http://www.truthdig.com/">www.truthdig.com</a>) on behalf of the sender. Please report any misuse to webmaster-at-truthdig.com <IMG src="http://www.truthdig.com/images/masthead_newsletter.gif"> Hi, I read this on Truthdig and thought you would find it interesting. =-=-=-=-=-=-= Slapping the Pay Cuffs on Execs Amending current TARP rules and regulations, President Obama is expected to put a <a href="http://www.nytimes.com/2009/02/04/business/04pay.html?_r=1&hp" title="$500,000 cap on executive salaries">$500,000 cap on executive salaries</a> at companies that receive large amounts of bailout funds. It would mean major pay cuts for the likes of Bank of America CEO Kenneth Lewis, who took home more than $20 million in 2007. <a href="http://www.truthdig.com/eartotheground/item/20090204_execs_to_be_only_half-millionaires/">http://www.truthdig.com/eartotheground/item/20090204_execs_to_be_only_half-millionaires/</a> Copyright © 2009 Truthdig, L.L.C. All rights reserved. =-=-=-=-=-=-= This is a one-time mailing from Truthdig, (<a href="http://www.truthdig.com/">www.truthdig.com</a>) on behalf of the sender. Please report any misuse to webmaster-at-truthdig.com