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Why would Obama consider a salary cap?

It didn't work for Clinton and it won't work now. It will however run talent to other countries. What is the adage about repeating history? 1. Capping CEO pay This isn't a new concept. In 1993, then President Bill Clinton signed a law restricting the tax deductibility of executive pay to $1,000,000 effectively giving those in that stratospheric pay range a huge incentive to find other means of compensation. Enter the creative mind of the financial world. People were given more perks that got around the cap - giving them bonuses in stock when they hit certain goals. This is where stock options really hit their stride - and, thanks to the bull stock market of the 1990s, made everybody far wealthier than they would have been using the old pay structure. So, the last time the government got involved in CEO pay, we got fabulously wealthy CEOs, and now we don't like it. See what I mean about unintended consequences? http://www.fistfuloftalent.com/salary_caps/

Public Comments

1. Because he wants to rule with an iron fist, Sound familiar?
2. It's only the first step. Then he will want to control what every American makes.