Barack’s pay-cap will cause a “mass exodus” of executives with destructive consequences
Business • February 2009 • Views: 401
When US President Barack Obama announced a $500,000 limit on high-level executive pay at firms receiving government assistance, Western Standard associate editor Terrence Watson didn’t think it sounded like such a wise plan:
“Can you say “unintended consequences”? Chasing skilled executives away from companies that are already in trouble seems like a GREAT idea.”