Oct 22, 2009
Pay Czar’s Move to Cut Salaries Raises Questions About Limits of Authority
The Washington pay czar who’s ordered steep pay cuts for executives at bailed-out firms could have practically unlimited power to regulate compensation at any company that gets federal funding, lawyers say — even if his legal authority is sketchy.
See full article here: www.foxnews.com




One Response to “Pay Czar’s Move to Cut Salaries Raises Questions About Limits of Authority”
What has happened to the belief in a free-market capitalist system. These companies are like a sinking ship and the government is telling these all-important executives to bail water with a sieve. Why is it that when politicians get to Washington they think they can part the seas and restore the fortunes of the nation, when this is entirely dependent upon the efforts of hard-working entrepreneurial capitalists in private enterprise.
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