Sunday, February 08, 2009

Might Obama Break CEOs Like Reagan Broke Unions?

BusinessWeek's chief economist thinks so.

And look at what happens in the "free market" now that Obama is formulating tough proposals for CEO salary caps, for eliminating golden parachutes, for limiting executive luxury items, for transparency toward shareholders: corporations untouched by the bail out are talking about adopting such limits themselves.  So, government itself seems to be a market force for reform defying false market=good/government=bad dualisms.

UPDATE: Obama advocates "bailout boards":

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