Thursday, February 19, 2009
Under Pressure
Will the Obama Administration cave to pressure from lobbyists to extract executive pay limits from the stimulus bill by issuing a Bushesque signing statement or by delaying a year before releasing the rules? Or will it show some backbone, ignore the industry's "brain-drain" histrionics, and keep pay limits in place as proper discipline for an elite who did their part to bring the malaise?
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Well, I for one, hope they won't. I do have faith in those guys enough to believe that despite all the criticisms, they will rise to the occasion and help save the economy.
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