"House Minority Leader John Boehner (R., Ohio) on Tuesday appeared ready to accept some limits on executive compensation if Treasury agrees. Aides to Mr. Boehner told financial-services lobbyists that he would accept tempered limits, as long as the legislation doesn't include other additions, such as a Democratic proposal to give bankruptcy judges new authority to approve the modifications of terms of mortgages for distressed homeowners. "
That's from the Wall Street Journal today. More info here.
Basically, it means it would limit how much heads of companies would profit from the bailout, and some Republicans are agreeing with it.
Do you think CEOs are entitled to their compensation, whatever companies want to give them, or do you think that because it's taxpayer money, the government should set those limits?
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