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February 05, 2009

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Brian

Glad to have you blogging again Dave.

I think it is a very good idea to put a salary cap on executive pay with new bailout requests...I just worry that there won't be significant motivation for those senior execs to stick around and right their ships long enough to pay back the loans and get their regular pay back. Seems like by then they will have jumped ship and found better pay elsewhere with a non-bailout company, and meanwhile their business continues to falter due to the executive turnover and the government ends up lucky to get its money back. Hmm...ok maybe I don't think it's such a good idea.

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